Lear quarterly net earnings fall 7 percent

Newswire

CHICAGO, Jan 26 (Reuters) - Auto interiors supplier Lear Corp. on Wednesday said its quarterly earnings fell 7 percent mainly because of North American light vehicle production cuts and pressures from raw materials costs. Net income fell to $123 million, or $1.70 per share, for the fourth quarter, compared with $132.4 million, or $1.81 a share, a year earlier, said Lear, which makes interior trim, electrical systems and seats.

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