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SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Lear Corp. (LEA) on Tuesday reported first-quarter net income of $109.6 million.
On a per-share basis, the Southfield, Michigan-based company said it had net income of $1.90. Earnings, adjusted for non-recurring costs, came to $3.18 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.04 per share.
The automotive seating and electrical distribution systems company posted revenue of $5.99 billion in the period, matching Street forecasts.
Lear expects full-year revenue in the range of $24 billion to $24.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEA at https://www.zacks.com/ap/LEA