Lear Cuts Guidance, Shares Fall

Lear Corporation LEA shares are trading lower after the company cut its 2019 sales, net income and EBITDA guidance.

Lear cuts 2019 adjusted EBITDA guidance From $2.12 billion-$2.22 billion to $1.87 billion-$1.97 billion.

On Tuesday, Lear shares were trading down 3.5% at $130.22. The stock has a 52-week high of $192.73 and a 52-week low of $114.45 per share.

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