Lear Corp. (LEA) Tops Q3 EPS by 22c; Raises Outlook
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Lear Reports Record Third Quarter 2017 Results and Increases Full Year Financial Outlook
October 25, 2017 7:00 AM EDTSOUTHFIELD, Mich., Oct. 25, 2017 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the third quarter 2017. Highlights include:
Sales of $5.0 billion, up 10% from a year ago Net income of $295 million, up 38% from a year ago; adjusted net income of $272 million, up 19% from a year ago Core operating earnings of $408 million, up 12% from a year ago; margin of 8.2%, up from 8.0% a year ago Earnings per share of $3.96 up 33% from a year ago Net... More