Lear (LEA) Q2 Earnings Beat Estimates, Guidance Revised

Lear Corp. (LEA) reported second-quarter 2024 adjusted earnings per share of $3.60, which increased from $3.33 recorded in the year-ago quarter and beat the Zacks Consensus Estimate of $3.34. In the reported quarter, revenues increased 0.2% year over year to $6.01 billion and surpassed the Zacks Consensus Estimate of $6 billion. Sales of the E-Systems segment were $1.57 billion, rising 2.2% year over and beating the Zacks Consensus Estimate of $1.55 billion. Adjusted segmental earnings amounted to $82.2 mil ...