Lear Corporation Q4 adjusted earnings Beat Estimates

(RTTNews) - Lear Corporation (LEA) revealed a profit for fourth quarter that fell from the same period last year.

The company's profit came in at $212.2 million, or $3.39 per share. This compares with $400.5 million, or $5.80 per share, in last year's fourth quarter.

Excluding items, Lear Corporation reported adjusted earnings of $261.3 million or $4.05 per share for the period.

Analysts had expected the company to earn $3.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.8% to $4.94 billion from $5.36 billion last year.

Lear Corporation earnings at a glance:

-Earnings (Q4): $261.3 Mln. vs. $300.4 Mln. last year. -EPS (Q4): $4.05 vs. $4.38 last year. -Analysts Estimate: $3.95 -Revenue (Q4): $4.94 Bln vs. $5.36 Bln last year.