Lear sees Q1 revenue $5.6B-$5.7B, consensus $5.31B

While speaking earlier at a Bank of America investor meeting, Jason Cardew, Lear’s CFO, said according to a transcript of the event: "Although we didn’t provide guidance on our fourth quarter earnings call by quarter, we do see a first quarter that’s shaping up better than what we had anticipated when we issued our full year guidance. So we’re expecting revenue in the first quarter to be $5.6 billion to $5.7 billion, which is $400 million to $500 million higher than the prior year. We see operating income of $240 million to $250 million range, which is $55 million to $65 million higher than last year. So decent conversion on the higher revenue and we do see revenue up sequentially from the fourth quarter. So production environment for us and our mix of customers is holding up pretty well." In late morning trading, Lear shares are up $10.62, or 8%, to $142.54.