Tuesday, June 19, 2007

Lear raises outlook on strong light-truck market

(Reuters) - The company, which also reiterated its support for a takeover bid by Carl Icahn, its largest shareholder, raised its second-quarter earnings outlook to a range of $215 million and $225 million, up from $180 million to $200 million.



Lear also raised its full-year core operating earnings estimate to between $600 million and $640 million from $580 to $620 million. It said vehicle production levels in North America should be steady for the rest of the year.


Read more at Reuters.com Mergers News

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