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Provider: Wright Reports

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Lear Corp Reaffirms FY 2013 Guidance

Thursday, 25 Apr 2013 07:02am EDT 

Lear Corp announced that financial outlook for fiscal 2013 remains unchanged. Net sales are expected to be $15.0 to $15.5 billion, core operating earnings are expected to be $725 to $775 million, Pretax income before restructuring costs and other special items is estimated to be in the range of $650 to $700 million and Adjusted net income is expected to be in the range of $420 to $455 million for fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $15.3 billion, EBIT of $757 million and net income $675 million for fiscal 2013.