Lear Reports Third Quarter 2020 Results and Provides Full Year 2020 Outlook
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Lear Corp. (LEA) Tops Q3 EPS by 59c, Revenues Beat; Offers FY20 Revenue Guidance
October 30, 2020 6:02 AM EDTLear Corp. (NYSE: LEA) reported Q3 EPS of $3.73, $0.59 better than the analyst estimate of $3.14. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.66 billion.
Third Quarter 2020 Highlights
Sales of $4.9 billion, compared to $4.8 billion in the third quarter of 2019Continued to grow sales faster than the market in both segments; E-Systems growth over market of 12 percentage pointsNet income of $174 million and adjusted net income of $225 million, compared to net income of $216 million and adjusted net income of $217 million in the prior yearCore operating earnings of $327... More