SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Lear Corp. (LEA) on Thursday reported first-quarter net income of $143.6 million.
On a per-share basis, the Southfield, Michigan-based company said it had net income of $2.41. Earnings, adjusted for one-time gains and costs, came to $2.78 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share.
The automotive seating and electrical distribution systems company posted revenue of $5.85 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $5.5 billion.
Lear expects full-year revenue in the range of $21.2 billion to $22.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEA at https://www.zacks.com/ap/LEA
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