Lear 2nd-qtr profit beats expectations, raises full-year outlook

Newswire

July 26 (Reuters) - Automotive seat maker Lear Corp on Friday reported second-quarter earnings that handily beat Wall Street projections and increased its full-year outlook for sales and operating earnings. Lear, based in suburban Detroit, showed net earnings, excluding one-time items, of $1.62 per share, which beat analysts' expectations of $1.37 per share. Quarterly revenue rose to $4.11 billion from $3.66 billion a year ago and topped the analysts' estimate ...

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