Lear (LEA) previously forecast FY25 revenue $22.47B-$23.07B. Says that would lead to second half revenues just a little bit below $11.5B, or roughly $5.7B in the third quarter, $5.8B in the fourth quarter. Says operating income is tracking in between the midpoint and high end of guidance range. Revenue consensus for Q3 is $5.67B, while FY25 revenue consensus is $22.79B. Sees Q3 operating income $230M-$240M. Comments taken from Morgan Stanley’s 13th Annual Laguna Conference.
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