Lear Corp. (LEA) Tops Q2 EPS by 51c; Raises Outlook
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Lear Reports Record Second Quarter 2016 Results and Increases Full Year Outlook
July 28, 2016 7:00 AM EDTSOUTHFIELD, Mich., July 28, 2016 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record financial results for the second quarter of 2016. Highlights include:
Record sales of $4.7 billion, reflecting continued growth in both segments Net income of $282 million versus $182 million in the prior year Record core operating earnings of $399 million, an increase of 18% from prior year, with a record margin of 8.4%, up from 7.3% a year ago Earnings per share of $3.82, with adjusted earnings per share of $3.66, up 30% from prior year... More