Lear Reports First Quarter 2020 Results
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Lear Corp. (LEA) Tops Q1 EPS by 30c, Revenues Beat
May 8, 2020 6:03 AM EDTLear Corp. (NYSE: LEA) reported Q1 EPS of $2.05, $0.30 better than the analyst estimate of $1.75. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.29 billion.
First Quarter 2020 Highlights
Sales of $4.5 billion, compared to $5.2 billion in the first quarter of 2019Net income of $76 million and adjusted net income of $124 million, compared to $229 million and $253 million, respectively, in the prior yearCore operating earnings of $205 million, compared to $378 million in the first quarter of 2019Estimated negative impact of COVID-19 on Lear's sales and core operating earnings in the first quarter of 2020 was... More