FX.co ★ Lear Corporation Q4 Profit Decreases, But Beats Estimates

Lear Corporation (LEA) released its fourth-quarter earnings, revealing a decline from the previous year but still surpassing Wall Street expectations. The company reported a net income of $88.10 million, equating to earnings of $1.61 per share, down from $127.30 million and $2.18 per share in the same quarter last year.

On an adjusted basis, which excludes certain items, Lear Corporation announced earnings of $161.00 million, or $2.94 per share, exceeding the average analyst forecast of $2.58 per share, as analysts typically disregard special items in their projections.

Revenue for the quarter experienced a 2.2% decrease, totaling $5.715 billion compared to $5.841 billion the previous year.

In summary, the company's key financial highlights under Generally Accepted Accounting Principles (GAAP) include:

- Earnings: $88.10 million versus $127.30 million last year

- Earnings Per Share (EPS): $1.61 versus $2.18 last year

- Revenue: $5.715 billion versus $5.841 billion last year

Looking ahead, Lear Corporation has projected its revenue for the fiscal year 2025 to be in the range of $21.875 billion to $22.875 billion.