USA: Lear Corporation Second-Quarter Earnings Jump 21%
Lear Corporation (NYSE:LEA), the world's fifth-largest automotive supplier, reported record financial performance for the second quarter of 2000. Net sales of $3.8 billion, operating income of $245.5 million and net income of $101.7 million, or $1.53 per share, are all second-quarter records for the company. Excluding non-recurring items, net income was $88.7 million, or $1.33 per share, a 21 percent increase over the prior year.
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