Lear posts loss on auto output cuts, higher costs

Newswire

NEW YORK Oct 26 (Reuters) - Automotive interiors supplier Lear Corp. posted a quarterly loss on Wednesday, pressured by vehicle output cuts in North America and rising raw materials costs. The net loss amounted to $750.1 million, or $11.17 per share, for the third quarter, compared with net profit of $91.7 million, or $1.26 per share, a year earlier. Excluding impairment and restructuring charges, Lear reported a loss of $6.4 million, or 10 cents per share. On this basis, analysts, on ...

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Jul 26, 2016
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