SOUTHFIELD, Mich., July 22 (Reuters) - Lear Corp. , a leading auto parts supplier, on Monday said its quarterly earnings rose on higher auto production, and full-year earnings would exceed earlier estimates.
Lear, which builds automotive seats, interiors, and electrical parts, said net income rose to $85.5 million, or $1.27 a share, from $44.9 million, or 69 cents a share, a year earlier. Sales rose to $3.79 billion from $3.61 billion.
Analysts' consensus estimate from market researcher Thomson First Call was $1.18 per share, in a range of $1.11 to $1.25 a share.
Lear shares on Friday fell 70 cents, or 1.8 percent, to close at a six-month low of $38 on the New York Stock Exchange.