Lear Reports Second Quarter 2020 Results
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Lear Corp. (LEA) Tops Q2 EPS by 53c, Revenues Beat
August 4, 2020 6:17 AM EDTLear Corp. (NYSE: LEA) reported Q2 EPS of ($4.14), $0.53 better than the analyst estimate of ($4.67). Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.16 billion.
Second Quarter 2020 Highlights
Sales of $2.4 billion, compared to $5.0 billion in the second quarter of 2019Net loss of $(294) million and adjusted net loss of $(249) million, compared to net income of $183 million and adjusted net income of $236 million in the prior yearCore operating earnings of $(248) million, compared to $352 million in the second quarter of 2019Earnings per share of $(4.89) and adjusted earnings per share of... More