Shares of Lear Corp. LEA surged 3.1% in premarket trading Tuesday, after the auto seats maker raised its full-year outlook for sales and adjusted earnings, and said it expects market share to grow over the next several years. For 2023, the company raised guidance ranges for sales to $22.35 billion to $23.05 billion from $21.20 billion to $22.20 billion, and for adjusted net income to $620 million to $720 million from $510 million to $670 million. The current FactSet consensus for sales is $22.
1% in premarket trading Tuesday, after the auto seats maker raised its full-year outlook for sales and adjusted earnings, and said it expects market share to grow over the next several years. For 2023, the company raised guidance ranges for sales to $22.35 billion to $23.05 billion from $21.20 billion to $22.20 billion, and for adjusted net income to $620 million to $720 million from $510 million to $670 million. The current FactSet consensus for sales is $22.