Lear Q2 Adj. EPS $3.33 Beats $3.21 Estimate, Sales $6.00B Beat $5.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lear Corporation (NYSE:LEA) reported Q2 adjusted earnings of $3.33 per share, beating the analyst consensus estimate of $3.21 by 3.74%. This is an 86.03% increase from the same period last year. The company also reported quarterly sales of $6.00 billion, surpassing the analyst consensus estimate of $5.86 billion by 2.39%, marking an 18.30% increase from the same period last year.
August 01, 2023 | 10:35 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lear Corporation's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive short-term impact on the company's stock.
Lear Corporation's Q2 earnings and sales have surpassed analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price in the short term. The significant YoY increase in earnings and sales further strengthens this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100