ADVFN - Advanced Financial Network.
HOME» NYSE » L » LEA Stock Price » LEA Stock News

Lear Share News

 Lear Corp. Stock Price
LEA Stock Price
 Lear Corp. Stock Chart
LEA Stock Chart
 Lear Corp. Stock News
LEA Stock News
 Lear Corp. Company Information
LEA Company Information
 Lear Corp. Stock Trades
LEA Stock Trades

Lear Swings To 2Q Profit On Higher Sales, Fewer Charges

DOW JONES NEWSWIRES Lear Corp. (LEA) swung to a second-quarter profit on fewer restructuring charges and better-than-expected sales growth as automobile production continues to improve. The maker of automotive seating systems, electrical distribution systems and electronic products cut its debt obligations and shed thousands of workers while in bankruptcy, giving the company improved liquidity. Lear posted a profit of $159.8 million, or $2.96 a share, compared with a year-earlier loss of $173.6 million, or $2.24 a share. Costs and fees related to restructuring hurt results by $12.2 million in the latest period and $33.9 million a year earlier. Net sales climbed 33% to $3.04 billion. Analysts surveyed by Thomson Reuters expected a profit of $1.29 on sales of $2.92 billion. Gross margin soared to 9.6% from 1.6% on the sales gains. Revenue jumped 83% in North America, and grew 8.9% in Europe. About 66% of the company's sales were generated outside of North America in the latest quarter. In the larger seating segment, sales increased 30%, while they surged 46% in the electrical segment. Both segments benefited from higher global vehicle production. Shares of Lear, which affirmed its full-year revenue target, closed Monday at $78.79 and were inactive premarket. The stock is up 16% this year. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Lear (LEA)
DateTimeHeadline
03/27/201516:34:01Additional Proxy Soliciting Materials (definitive) (defa14a)
03/27/201516:24:57Proxy Statement (definitive) (def 14a)
03/24/201507:51:55Comparing America's Next 3 Auto Parts Companies
03/17/201516:04:13Statement of Changes in Beneficial Ownership (4)
03/17/201507:56:35The Best Stocks To Buy This Week
03/12/201514:00:00Lear Announces First Quarter 2015 Earnings Conference Call
03/09/201505:48:27The Top Scoring Stocks To Buy This Week
03/03/201502:45:04Insider Buys And Sells: Sprint, Graham Holdings
03/01/201504:33:35The Best Scoring Stocks To Buy Now
02/28/201510:00:47Dividend Champions For March 2015
02/24/201507:07:58InsiderInsights.com Daily Round Up 2/23/15: MDLZ, GPRO, MDGN...
02/23/201518:39:11Statement of Changes in Beneficial Ownership (4)
02/23/201518:38:42Statement of Changes in Beneficial Ownership (4)
02/23/201518:37:40Statement of Changes in Beneficial Ownership (4)
02/23/201518:37:14Statement of Changes in Beneficial Ownership (4)
02/23/201518:36:08Statement of Changes in Beneficial Ownership (4)
02/23/201518:35:35Statement of Changes in Beneficial Ownership (4)
02/23/201518:34:28Statement of Changes in Beneficial Ownership (4)
02/23/201518:33:58Statement of Changes in Beneficial Ownership (4)
02/23/201518:32:57Statement of Changes in Beneficial Ownership (4)

Lear and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad