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Lear Guides FY24 Net Sales In Line With Estimates - Update
(RTTNews) - 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.
For fiscal 2024, the company now projects core operating earnings in a range of $1.155 billion to $1.305 billion on net sales between $24.00 billion and $24.60 billion.
On average, 18 analysts polled by Thomson Reuters expect the company to report net sales of $24.38 billion for the year.
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Lear Boosts FY23 Outlook
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.
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The Indonesia stock market has moved lower in four straight sessions, surrendering more than 110 points or 1.6 percent in that span. The Jakarta Composite Index now sits just shy of the 7,120-point plateau although it's likely to halt its slide on Tuesday.
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The Hong Kong stock market on Monday snapped the two-day losing streak in which it had given up more than 470 points or 2 percent. The Hang Seng Index now sits just above the 24,060-point plateau and it's got a solid lead again for Tuesday's trade.
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Australian Market Slightly Higher
The Australian stock market is trading slightly higher on Tuesday after opening in the red, extending the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying near the 8,550 level, with gains in technology and mining partially offset by weakness in financial and energy stocks.
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Shanghai Stocks May Reclaim 3,400-Point Plateau
The China stock market moved higher again on Monday, one session after ending the two-day winning streak in which it had collected almost 20 points or 0.6 percent. The Shanghai Composite Index now sits just shy of the 3,390-point plateau and it's expected to move to the upside again on Tuesday.
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Taiwan Stock Market May Open In The Green
The Taiwan stock market has moved lower in three straight sessions, surrendering more than 420 points or 1.9 percent along the way. The Taiwan Stock Exchange now sits just shy of the 22,050-point plateau although it's due for support on Tuesday.
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Singapore Bourse May Halt Losing Streak
The Singapore stock market has finished lower in back-to-back sessions, sinking more than a dozen points or 0.3 percent in that span. The Straits Times Index now sits just shy of the 3,910-point plateau although it may stop the bleeding on Tuesday.
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Malaysia Stock Market May Add To Its Winnings On Tuesday
The Malaysia stock market ticked higher again on Monday, one session after ending the two-day winning streak in which it had gathered almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it's tipped to open in the green.
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