Lear Corp. (LEA) Misses Q1 EPS by 11c, Revenues Miss; Offers FY19 Revenue Outlook
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Lear Reports First Quarter 2019 Results
April 26, 2019 6:00 AM EDTSOUTHFIELD, Mich., April 26, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today reported results for the first quarter 2019. Highlights include:
Sales of $5.2 billion, compared to $5.7 billion in the first quarter 2018 Net income of $229 million and adjusted net income of $253 million, compared to $354 million and $345 million, respectively, in the prior year Core operating earnings of $378 million, compared to $491 million in the first quarter 2018 Earnings per share of $3.73 and adjusted earnings per share of $4.00,... More