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Lear: Q2 Earnings Snapshot
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SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Lear Corp. (LEA) on Friday reported second-quarter net income of $192.8 million.

On a per-share basis, the Southfield, Michigan-based company said it had profit of $3.79. Earnings, adjusted for one-time gains and costs, came to $4.28 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.89 per share.

The automotive seating and electrical distribution systems company posted revenue of $6.21 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $6.14 billion.

Lear expects full-year revenue in the range of $23.54 billion to $24.01 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEA at https://www.zacks.com/ap/LEA

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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