Market Overview

Lear Cuts Guidance, Shares Fall


Lear Corporation (NYSE: LEA) shares are trading lower after the company cut its 2019 sales, net income and EBITDA guidance.

Lear cuts 2019 adjusted EBITDA guidance From $2.12 billion-$2.22 billion to $1.87 billion-$1.97 billion.

On Tuesday, Lear shares were trading down 3.5% at $130.22. The stock has a 52-week high of $192.73 and a 52-week low of $114.45 per share.

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