Lear Corp. (LEA) Tops Q2 EPS by 28c; Raises Outlook
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Lear Reports Record Second Quarter 2017 Sales and Earnings and Increases Full Year Financial Outlook
July 26, 2017 7:00 AM EDTSOUTHFIELD, Mich., July 26, 2017 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record sales and earnings for the second quarter 2017. Highlights include:
Sales of $5.1 billion, up 8% from a year ago; up 10% excluding the impact of foreign exchange Net income of $312 million, up 10% from $282 million in the prior year Core operating earnings of $439 million with a margin of 8.6%, up from 8.4% a year ago Earnings per share of $4.49 and adjusted earnings per share of $4.39, up 20%... More