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Lear Q2 Adjusted Earnings, Net Sales Rise; Fiscal 2024 Revenue Forecast Cut
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Lear Q2 Adjusted Earnings, Net Sales Rise; Fiscal 2024 Revenue Forecast Cut
Jul 25, 2024 5:28 AM

08:11 AM EDT, 07/25/2024 (MT Newswires) -- Lear (LEA) reported Q2 adjusted earnings Thursday of $3.60 per share, up from $3.33 a year earlier.

Analysts polled by Capital IQ expected $3.39.

Net sales for the quarter ended June 29 were $6.01 billion, compared with $6 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.03 billion.

The company said it now expects fiscal 2024 net sales to range between $23.23 billion and $23.67 billion, compared with $24 billion to $24.60 billion anticipated earlier. Analysts polled by Capital IQ expect $23.97 billion.

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