What's Going On With Lear Shares Thursday?
Portfolio Pulse from Dylan Berman
Lear Corporation's stock is down after reporting Q3 2024 earnings. Sales were slightly above estimates but below last year's Q3. EPS beat expectations, and the company repurchased $209 million in shares. However, the full-year sales outlook is below analyst estimates.
October 24, 2024 | 4:51 pm
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Lear Corporation's Q3 2024 earnings report showed sales slightly above estimates but below last year's Q3. EPS beat expectations, and the company repurchased $209 million in shares. However, the full-year sales outlook is below analyst estimates, leading to a 5.51% drop in stock price.
Lear's Q3 earnings report showed mixed results. While sales and EPS beat estimates, the sales were lower than the previous year's Q3, and the full-year sales outlook is below analyst expectations. This has led to a negative market reaction, with the stock price dropping 5.51%. The company's share repurchase and dividend payments are positive, but the lower sales outlook is a significant concern for investors.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100