Lear Corp Posts Higher Q3 Profit, Revenue Up 1.6% to $5.77 Billion

Lear Corp. (LEA) reported third-quarter net income of $136.6 million, or $2.74 per share, up from $108.2 million, or $2.02 per share, a year earlier. Excluding items, the automotive seating and electronics supplier posted adjusted earnings of $185.0 million, or $3.71 per share. Revenue rose 1.6% to $5.773 billion from $5.680 billion. The company issued full-year revenue guidance of $23.350 billion to $23.750 billion.