SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Lear Corp. (LEA) on Thursday reported second-quarter net income of $173.1 million.
On a per-share basis, the Southfield, Michigan-based company said it had profit of $3.02. Earnings, adjusted for one-time gains and costs, were $3.60 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.34 per share.
The automotive seating and electrical distribution systems company posted revenue of $6.01 billion in the period.
Lear expects full-year revenue in the range of $23.23 billion to $23.67 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