Lear Corp. (LEA) Tops Q4 EPS by 36c, Revenue Comes in Light
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Lear Reports Record 2016 Results
January 26, 2017 7:00 AM ESTSOUTHFIELD, Mich., Jan. 26, 2017 /PRNewswire/ -- Lear Corporation [NYSE: LEA], a leading global supplier of automotive seating and electrical systems, today reported financial results for the fourth quarter and full year of 2016. Highlights include:
Fourth Quarter 2016
Sales of $4.6 billion, down 2% from a year ago; up slightly excluding the impact of foreign exchange and commodity prices Net income of $230 million and adjusted net income of $270 million, compared to $235 million and $245 million, respectively, in the prior year Record core operating earnings of $386 million, an increase of 7% from the... More