Lear Q2 2024 Adj EPS $3.60 Beats $3.40 Estimate, Sales $6.012B Miss $6.036B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lear (NYSE:LEA) reported Q2 2024 adjusted EPS of $3.60, beating the $3.40 estimate, but sales of $6.012 billion missed the $6.036 billion estimate. EPS increased by 8.11% YoY, while sales grew by 0.22% YoY.
July 25, 2024 | 10:32 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lear's Q2 2024 adjusted EPS of $3.60 beat estimates by 5.88%, showing strong profitability. However, sales of $6.012 billion missed estimates by 0.40%, indicating slight revenue challenges. EPS increased by 8.11% YoY, while sales grew by 0.22% YoY.
Lear's strong EPS performance, beating estimates by 5.88%, is a positive indicator of profitability and operational efficiency. The slight miss in sales by 0.40% is a minor concern but is outweighed by the significant EPS beat and YoY growth in both EPS and sales. This should have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100