Lear Raises FY23 Net Sales Guidance From $21.2B-$22.2B To $22.35B-$23.05B vs $22.63B Est.; Increases Free Cash Flow Guidance From $375M-$525M to $480M-$580M
Portfolio Pulse from Bill Haddad
Lear Corporation has raised its FY23 net sales guidance from $21.2B-$22.2B to $22.35B-$23.05B, surpassing the $22.63B estimate. The company also increased its free cash flow guidance from $375M-$525M to $480M-$580M.
June 27, 2023 | 12:35 pm
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Lear Corporation has raised its FY23 net sales and free cash flow guidance, surpassing estimates. This positive update may lead to a short-term increase in stock price.
Lear Corporation has raised its FY23 net sales guidance, which now surpasses the estimated $22.63B. Additionally, the company increased its free cash flow guidance. This positive financial update is likely to boost investor confidence and may lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100