According to sources, car seats and electronics supplier Lear Corp. announced the financial position of the second quarter of 2011, sales increased by 21% year on year, net profit rose nearly 11%.
In the second quarter, Lear's sales of $ 3.7 billion, more than analysts expected $ 3.46 billion, up 21 percent over last year, of which the proportion of seats business grew 19%, also better than expected.
The amount of net earnings per share growth from last year's $ 1.48 to $ 1.65, that is, net profit increased from $ 159,800,000 to $ 177,500,000. Excluding one-time income (One-off), then the net income of $ 1.54 per share, far better than ThomsonReutersI / B / E / S analysts forecasts of $ 1.29.
Lear CEOBobRossiter said Lear's rapid growth, seating and electronic business are outstanding, the company has $ 1.8 billion in cash flow, thus promoting the company's further growth.
According to sources, car seats and electronics supplier Lear Corp. announced the financial position of the second quarter of 2011, sales increased by 21% year on year, net profit rose nearly 11%.
In the second quarter, Lear's sales of $ 3.7 billion, more than analysts expected $ 3.46 billion, up 21 percent over last year, of which the proportion of seats business grew 19%, also better than expected.
The amount of net earnings per share growth from last year's $ 1.48 to $ 1.65, that is, net profit increased from $ 159,800,000 to $ 177,500,000. Excluding one-time income (One-off), then the net income of $ 1.54 per share, far better than ThomsonReutersI / B / E / S analysts forecasts of $ 1.29.
Lear CEOBobRossiter said Lear's rapid growth, seating and electronic business are outstanding, the company has $ 1.8 billion in cash flow, thus promoting the company's further growth.
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