Lear Eyes Market Share Gains And Margin Growth; Boosts FY23 Outlook
Portfolio Pulse from Shivani Kumaresan
Lear Corp (NYSE:LEA) has announced an increase to its 2023 financial outlook, raising its FY23 revenue guidance to $22.35 billion - $23.05 billion from the previously expected $21.2 billion - $22.2 billion. The company also raised its core operating earnings guidance to $1.01 billion - $1.14 billion from $875 million - $1.075 billion previously. Lear's shares are trading higher by 0.18% at $139.03.
June 27, 2023 | 5:04 pm
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Lear Corp has raised its FY23 outlook, which has led to a slight increase in its stock price.
The company's raised outlook for FY23 indicates a positive financial performance, which is likely to instill confidence in investors and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100