UPDATE 3-Lear earnings plunge, slashes 2005 outlook

Newswire

(Adds remarks from conference call, updates stock activity) By David Bailey CHICAGO, April 22 (Reuters) - Auto interiors supplier Lear Corp. on Friday said quarterly earnings plunged 83 percent because of vehicle output cuts and higher raw materials costs, and it slashed its full-year earnings outlook. Lear, whose shares fell 12.46 percent to a two-year low, said results were hurt by sharp production declines on vehicles for which it provides a high level of content. "Its 65 percent ...

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