SOUTHFIELD, Mich. (AP) — Lear Corp. (LEA) on Tuesday reported fourth-quarter profit of $126 million.

On a per-share basis, the Southfield, Michigan-based company said it had net income of $2.50. Earnings, adjusted for one-time gains and costs, were $2.64 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The automotive seating and electrical distribution systems company posted revenue of $4.82 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $4.49 billion.

For the year, the company reported profit of $753.6 million, or $12.75 per share. Revenue was reported as $19.81 billion.

Lear expects full-year revenue in the range of $19.4 billion to $20.2 billion.

Lear shares have dropped almost 3% since the beginning of the year. The stock has decreased 16% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LEA at

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