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Lear Corp Issues FY 2013 Guidance; EBIT Guidance Below Analysts' Estimates-Conference Call
Lear Corp announced that for fiscal 2013, it expects net sales to increase to $15 billion to $15.5 billion and core operating earnings (EBIT) are forecast at a range of $725 million to $775 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $15.0 billion and EBIT of $822 million for fiscal 2013.
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