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Lear Boosts FY23 Outlook
(RTTNews) - Ahead of its Seating Product Day later on Tuesday, Lear Corp. (LEA), an automotive technology leader in Seating and E-Systems, raised its adjusted net income and net sales guidance for the full-year 2023.
For fiscal 2023, the company now projects adjusted net income in a range of $620 million to $720 million on net sales between $22.35 billion and $23.05 billion.
Previously, the company expected adjusted net income in the range of $510 million to $670 million on net sales between $21.20 billion and $22.20 billion.
On average, 15 analysts polled by Thomson Reuters expect the company to report net sales of $22.63 billion for the year.
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Lear Guides FY24 Net Sales In Line With Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, automotive technology company Lear Corp. (LEA), an automotive technology leader in Seating and E-Systems, initiated its core operating earnings and net sales guidance for the full-year 2024.
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Indian Rupee Rises To 2-week High On GST Reforms Push
The Indian rupee strengthened against the U.S. dollar in the European session on Monday, after Prime Minister Narendra Modi unveiled plans of the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like auto, financial, real estate, consumer and cement.
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Canadian Market May Open Slightly Weak
Lower Canadian and U.S. futures and weak European markets point to a slightly negative start on Bay Street Monday morning. Firm commodity prices might help limit market's downside.
The focus will be on the meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskiy later in the day.
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FTSE 100 Slips After Positive Start, Down Marginally
After a modest upmove in early trades, the U.K. market retreated on Monday with investors turning cautious, focusing on the upcoming meeting between U.S. President Donald Trump and several European leaders, after the Trump-Putin summit failed to result in any breakthrough to end the war in Ukraine.
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DAX Drifts Lower; Financials Stocks Among Major Losers
After four successive days of gains, the French market is exhibiting weakness on Monday as investors make cautious moves, focusing on the meeting between several European leaders and the U.S. President Donald Trump, after the recent Trump-Putin Summit failed to result in any breakthrough to end the war in Ukraine.
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DAX Down In Negative Territory In Cautious Trade
German stocks are down in negative territory on Monday with investors focusing on the upcoming meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskyy, after the Trump-Putin summit failed to achieve a breakthrough on halting the war in Ukraine.
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Sensex, Nifty Rally On GST Reforms Push
Indian shares rose sharply on Monday after Prime Minister Narendra Modi unveiled plans of the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like auto, financial, real estate, consumer and cement.
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Eurozone Trade Surplus Declines Sharply In June
The euro area trade surplus declined sharply in June as exports remained weak amid a rebound in imports, official data revealed on Monday. The trade balance registered a surplus of EUR 7.0 billion compared to May's surplus of EUR 16.5 billion, Eurostat reported. Compared to last year, the surplus contracted by EUR 13.7 billion from EUR 20.7 billion.
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