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Lear Corporation Stock Slips As Q1 Revenues Miss Estimates, Announces Plant Closures In Europe
Lear Corporation (NYSE:LEA) shares are trading lower on Tuesday after reporting first-quarter results and future plant closures in Europe.
The company reported first-quarter adjusted earnings per share of $3.18, beating the analyst consensus of $3.02.
In the first quarter, global vehicle production decreased by 1% compared to a year ago, with North America up 1%, Europe down 2%, and China up 5%. Global vehicle production was ...