Lear says seeing Q2 revenue ‘a little bit lower than’ anticipated

While presenting at conference hosted by Deutsche Bank, executives from Lear said: “I’d say, from a financial perspective, the second quarter playing out largely as we had anticipated, particularly on the things that we can control, the commercial negotiations or operating improvements. We saw, two and a half weeks ago, we have some work yet to close out between now and end of the quarter. Everything on the performance side, operating income, operating margins is on track. And we are seeing revenues a little bit lower than we had anticipated in the second quarter.”