Lear: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2023, 06:48 AM ET
Last Updated - Aug 01, 2023, 06:48 AM EDT
SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Lear Corp. (LEA) on Tuesday reported second-quarter earnings of $168.7 million.
The Southfield, Michigan-based company said it had net income of $2.84 per share. Earnings, adjusted for non-recurring costs, came to $3.33 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.21 per share.
The automotive seating and electrical distribution systems company posted revenue of $6 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $5.86 billion.
