Lear Q3 Adj EPS $2.89 Beats $2.63 Estimate, Sales $5.58B Beat $5.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lear Corporation (NYSE:LEA) reported better-than-expected Q3 earnings with an adjusted EPS of $2.89, surpassing the $2.63 estimate. Sales were $5.58 billion, slightly above the $5.57 billion estimate, despite a year-over-year sales decline.
October 24, 2024 | 10:10 am
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Lear Corporation's Q3 earnings exceeded expectations with an EPS of $2.89, beating the $2.63 estimate. Sales were $5.58 billion, slightly above the $5.57 billion estimate, despite a year-over-year decline.
Lear's Q3 earnings beat analyst expectations, which is typically a positive signal for stock prices. The EPS exceeded estimates by 9.89%, and sales were slightly above expectations, which may lead to a short-term positive impact on the stock price despite the year-over-year sales decline.
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