UPDATE 1-Lear quarterly earnings fall 7 percent

Newswire

(Adds sales details, outlook, background) CHICAGO, Jan 26 (Reuters) - Auto interiors supplier Lear Corp. on Wednesday said its quarterly earnings fell 7 percent mainly because automakers cut their vehicle production and as raw materials prices rose. The company said it expects first-quarter earnings per share to drop by about 60 percent from a year ago because of the production outlook and raw materials prices. Net income fell to $123 million, or $1.70 per share, for the fourth ...

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