Lear Corp. (LEA) Misses Q3 EPS by 16c, Revenues Miss; Lowers FY18 Revenue Outlook
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Lear Reports Third Quarter 2018 Results
October 25, 2018 6:00 AM EDTSOUTHFIELD, Mich., Oct. 25, 2018 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical and electronic systems, today reported third quarter 2018 sales and earnings. Highlights include:
Sales of $4.9 billion, compared to $5.0 billion in third quarter 2017 Net income of $253 million and adjusted net income of $269 million, compared to $295 million and $272 million, respectively, in third quarter 2017 Core operating earnings of $399 million, down 2% from third quarter 2017 Core operating margin of 8.2%, flat from third quarter 2017 Earnings per share of $3.80 and adjusted earnings per share... More