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 2Q Net Up 11% On Broad Growth; Lifts Full-Year View

DOW JONES NEWSWIRES Lear Corp.'s (LEA) second-quarter earnings grew 11% as the auto-parts supplier reported higher sales across all regions, led by North America and Asia. Looking ahead, the company now sees full-year earnings of $4.95 to $5.30 a share, reflecting the company's recently enacted 2-for-1 stock split, on revenue of $13.4 billion to $13.8 billion. Previously, Lear had projected revenue of $13 billion to $13.4 billion. The maker of automotive seating systems and electrical systems cut its debt obligations and shed thousands of workers while in bankruptcy, giving the company an improved liquidity position. Now, those deep cuts are paying off as sales of new cars and trucks recover. Lear reported earnings of $177.5 million, or $1.65 a share, up from $159.8 million, or $1.48 a share, a year earlier. Net sales climbed 21% to $3.68 billion. Analysts surveyed by Thomson Reuters expected a profit of $1.29 a share on revenue of $3.46 billion. In the larger seating segment, sales were up 19%, primarily driven by new business and the positive impact of foreign currency exchange, while they grew 29% in the electrical power management segment. Revenue in Europe, Lear's biggest market, rose 18%. North American sales climbed 23%, Asia sales were up 29% and sales in the rest of the world improved 17%. Shares closed Wednesday at $47.05 and were inactive premarket. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Lear (LEA)
DateTimeHeadline
06/18/201517:00:00Lear Announces Second Quarter 2015 Earnings Conference Call
06/09/201515:40:12Statement of Changes in Beneficial Ownership (4)
05/29/201516:37:31Specialized Disclosure Report (sd)
05/19/201502:00:00Lear Plans to Open Automotive Seat Cover Plant in Gostivar, Macedonia
05/19/201502:00:00Lear Plans to Open Automotive Seat Cover Plant in Gostivar, Macedonia
05/15/201516:41:47Statement of Changes in Beneficial Ownership (4)
05/15/201516:38:22Statement of Changes in Beneficial Ownership (4)
05/15/201516:34:51Statement of Changes in Beneficial Ownership (4)
05/15/201516:32:14Statement of Changes in Beneficial Ownership (4)
05/15/201516:29:38Statement of Changes in Beneficial Ownership (4)
05/15/201516:27:27Statement of Changes in Beneficial Ownership (4)
05/15/201516:27:27Statement of Changes in Beneficial Ownership (4)
05/14/201517:08:56Current Report Filing (8-k)
05/14/201513:25:00Lear Declares Quarterly Cash Dividend
05/08/201517:05:54Statement of Changes in Beneficial Ownership (4)
05/08/201517:02:35Statement of Changes in Beneficial Ownership (4)
05/08/201517:00:29Statement of Changes in Beneficial Ownership (4)
05/01/201517:25:28Additional Proxy Soliciting Materials (definitive) (defa14a)
04/28/201514:15:00Xenith Football Moves Helmet Assembly Operation to Detroit
04/27/201513:13:48Lear PT Raised to $132.00 at Citigroup Inc. (LEA)

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