Lear Corporation Reveals 19% Gain In Q3 Profit

(RTTNews) - Lear Corporation (LEA) reported earnings for its third quarter that gained ground from last year.

The company said its bottom line climbed to $272.4 million, or $3.96 per share. This was higher than $229.7 million, or $3.19 per share, in last year's third quarter.

Analysts had expected the company to earn $3.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.9% to $4.98 billion. This was up from $4.53 billion last year.

Lear Corporation earnings at a glance:

-Earnings (Q3): $272.4 Mln. vs. $229.7 Mln. last year. -Earnings Growth (Y-o-Y): 18.6% -EPS (Q3): $3.96 vs. $3.19 last year. -EPS Growth (Y-o-Y): 24.1% -Analysts Estimate: $3.74 -Revenue (Q3): $4.98 Bln vs. $4.53 Bln last year. -Revenue Change (Y-o-Y): 9.9%

-Guidance: Full year revenue guidance: $20.4 Bln