Lear Tops Q3 Results, Raises Guidance

Lear Corporation LEA delivered better than expected results for the third quarter. The company also boosted its outlook for the full year.

• Adjusted EPS increased 25 percent to $3.19, beats by $0.23.
• Generated revenue of $4.526 billion, topped by $0.056 billion.
• Core operating earnings forecast boosted from $1.45-$1.50 billion to $1.50-$1.525 billion.
• No changes in sales outlook of $18.6 billion for the full year. Analysts estimate $18.69 billion.
• Repurchased 1.3 million shares for $153 million in the third quarter.

Following the results and outlook, the stock traded up by 1.67 percent to $116.00 in the pre-market session.

As far as rivals, Dana Inc. DAN reported adjusted EPS of $0.49 on revenue of $1.38 billion. The company affirmed its full year forecast.

The following companies will announce their results in the upcoming days:

• Autoliv, Inc. ALV will announce results on October 27. Analysts estimate EPS of $1.37 and revenue of $2.45 billion.
• BorgWarner Inc. BWA will release results on October 27. Street expects EPS of $0.77 on revenue of $2.18 billion.
• Visteon Corp VC will announce results on October 27. Analysts' predict an EPS of $0.79 on revenue of $778.12 million.
• Tenneco Inc. TEN is scheduled to disclose results on October 28. Analysts estimate EPS of $1.49 on revenue of $2.13 billion.
• Delphi Automotive PLC DLPH is scheduled to announce results on November 2. Analysts' expect EPS of $1.43 on revenue of $3.98 billion.
• Magna International Inc. MGA will report results on November 3. Street is looking for an EPS of $1.21 on revenue of $8.58 billion.
• Harman International Industries, Inc. HAR will announce results on November 3. Analysts' expect EPS of $1.54 on revenue of $1.73 billion.