Lear Q3 Adj EPS $2.87 Beats $2.67 Estimate, Sales $5.78B Beat $5.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lear Corporation (NYSE:LEA) reported Q3 adjusted earnings of $2.87 per share, beating the analyst consensus estimate of $2.67 by 7.49%. This is a 23.18% increase from the same period last year. The company also reported quarterly sales of $5.78 billion, surpassing the analyst consensus estimate of $5.61 billion by 3.05%, a 10.30% increase from the previous year.
October 26, 2023 | 11:10 am
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POSITIVE IMPACT
Lear Corporation's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Lear Corporation reported better than expected Q3 earnings and sales, which is a positive signal to investors. This could lead to increased investor confidence and potentially a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100