Lear Corporation (LEA) stock is soaring 6.50% in pre-market trading on Friday following the release of its impressive third-quarter earnings report and an upward revision of its full-year guidance. The automotive seating and electrical systems supplier has outperformed analyst expectations, showcasing resilience in a challenging market environment.
For the third quarter, Lear reported sales of $5.68 billion, surpassing the analyst consensus of $5.6 billion. The company's adjusted earnings per share (EPS) came in at $2.79, beating the estimated $2.73. Despite a slight year-over-year decrease from $2.89 in Q3 2024, the results demonstrate Lear's ability to navigate ongoing industry challenges effectively.
Adding to investor optimism, Lear has raised its fiscal 2025 revenue guidance to a range of $22.85 billion to $23.15 billion, up from the previous forecast of $22.47 billion to $23.07 billion. This upward revision reflects the company's confidence in its business strategy and market position. The strong quarterly performance and improved outlook underscore Lear's successful efforts in expanding its global leadership in seating, enhancing E-Systems margins, and driving operational excellence through initiatives like IDEA by Lear.
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