Lear Reports Record Second Quarter 2018 Results
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July 26, 2018 8:42 AM EDT
Evercore ISI analsyt Chris McNally said it could be a tough day for Lear Corp. (NYSE: LEA) after no guidance raise this time around.
"For 3yrs you could expect a beat and raise from LEA like clockwork... not this time," the analyst commented.
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July 26, 2018 7:25 AM EDT
Lear Corp. (NYSE: LEA) reported Q2 EPS of $4.95, $0.04 worse than the analyst estimate of $4.99. Revenue for the quarter came in at $5.58 billion versus the consensus estimate of $5.58 billion.
Record sales of $5.6 billion, up 9% from a year agoRecord net income of $331 million and record adjusted net income of $330 million, compared to $312 million and $305 million, respectively, in the prior yearRecord core operating earnings of $471 million, up 7% from a year agoRecord earnings per share of $4.83 and record adjusted earnings per share of $4.95, up 13% from a year agoHired John Absmeier as...
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