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Lear (NYSE:LEA) reported second-quarter earnings of $3.78 per share, which beat the analyst consensus estimate of $3.76. This is a 23.64% decrease over earnings of $4.95 per share from the same period last year.
The company reported quarterly sales of $5.008 billion, which missed the analyst consensus estimate of $5.05 billion. This is a 10.27% decrease over sales of $5.581 billion the same period last year.
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Lear cut fiscal 2019 guidance net income from $1.08 billion-$1.17 billion to $885 million-$965 million, core operating earnings from $1.6 billion- $.7 billion to $1.35 billion-$1.45 billion, sales from $20.9 billion-$21.7 billion To $19.8 billion-$20.3 billion.
Lear shares were trading down 4% at $128 in Friday’s pre-market session. The stock has a 52-week high of $182.38 and a 52-week low of $114.45.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.