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Lear lowers FY24 revenue view to $22.95B-$23.15B from $23.23B-$23.67B

Consensus $23.41B. Narrows FY24 adjusted EBITDA view to $1.67B-$1.72B from $1.67B-$1.84B. Lowers FY24 capital spending view to $575M from $650M. FY24 guidance is adjusted for the changes to its outlook for global production.

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