Recap: Lear Q2 Earnings

Shares of Lear LEA were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 209.52% year over year to ($4.14), which beat the estimate of ($4.67).

Revenue of $2,445,000,000 decreased by 51.18% from the same period last year, which beat the estimate of $2,160,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Lear hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 04, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/lea/mediaframe/39739/indexr.html

Technicals

Company's 52-week high was at $143.50

Company's 52-week low was at $63.20

Price action over last quarter: Up 7.91%

Company Profile

Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), foam, and headrests. Automotive electrical distribution systems and major electrical and electronic components include wiring harnesses, terminals and connectors, junction boxes, electronic control modules, wireless control devices, interior and exterior LED lighting systems, and audio systems and electronics.