SOUTHFIELD, Mich. (AP) _ Lear Corp. (LEA) on Tuesday reported second-quarter net income of $68.5 million.
On a per-share basis, the Southfield, Michigan-based company said it had net income of $1.14. Earnings, adjusted for non-recurring costs, were $1.79 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The automotive seating and electrical distribution systems company posted revenue of $5.07 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $5 billion.
Lear expects full-year revenue in the range of $20.55 billion to $21.05 billion.
