What's Going On With Lear Stock On Friday?

Lear Corporation (NYSE:LEA) shares fell Friday despite beating second-quarter earnings and revenue estimates, with sales holding steady year-over-year at $6.03 billion.

Excluding the impact of commodities, foreign exchange, tariff recoveries, and acquisitions and divestitures, sales were down 1%.

In the second quarter, global vehicle production was up 3% compared to a year ago. Production in North America is down 3%; Europe, down 2%; and China, up 9%. Global vehicle production was flat on a Lear sales-weighted basis.

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