Finance

Lear profit more than doubles on strong automobile demand By Reuters

© Reuters. FILE PHOTO: An employee of U.S. auto part maker Lear Corp., wearing a protective face mask, walks past work cubicles furnished with tall dividers as part of the new security measures at the plant, before resuming operations during the coronavirus disease

(Reuters) – U.S. auto parts maker Lear (NYSE:) Corp said on Friday its first-quarter profit more than doubled, helped by robust demand for automobiles in key markets including China.

Net income attributable to Lear rose to $203.7 million, or $3.36 per share, in the quarter ended April 3, from $76.4 million, or $1.26 per share, a year earlier.

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