| Earnings Scorecard |
| Actual | Estimated* | Year-Ago |
| $1.35 | $1.32 | $1.36
|
 |
Lear (LEA Quote - Cramer on LEA - Stock Picks) reported fourth-quarter earnings that topped expectations, but fell slightly from a year ago, as lower production levels in the automaking industry and weak European currencies shackled the bottom line.
For the fourth-quarter ended Dec. 31, Lear earned $1.35 a share, down from $1.36 a share in the year-ago period. Twenty analysts polled by
First Call/Thomson Financial expected the company to report earnings of $1.32 a share.
The automotive products supplier, which is based in Southfield, Mich., also posted fourth-quarter revenue of $3.36 billion, down 3% from $3.46 billion in the same quarter one year ago.
Shares of Lear fell 48 cents, or 1.7%, to $28.61 in recent
New York Stock Exchange trading.
Erica Berardi
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