Lear's Q3 Adjusted Earnings Rise, Revenue Falls; Trims 2024 Revenue Guidance

MT Newswires Live

2024/10/24

Lear (LEA) reported Q3 adjusted earnings Thursday of $2.89 per diluted share, up from $2.87 a year earlier.

Analysts polled by Capital IQ expected $2.56.

Revenue for the quarter ended Sept. 28 was $5.58 billion compared with $5.78 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.58 billion.

The company trimmed 2024 net revenue guidance to $22.95 billion to $23.150 billion from $23.23 billion to $23.67 billion. Analysts polled by Capital IQ expect $23.29 billion.

Lear shares fell more than 2% in premarket trading.

Price: 102.40, Change: -2.56, Percent Change: -2.44

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