Shares of Lear Corp. experienced a decline of 6.2% in premarket trading on Tuesday, as the auto-parts maker failed to meet analysts' expectations for net income, despite showing growth in key metrics. Disappointing Net Income Results Lear Corp. (LEA, -0.94%) reported net income of $127.3 million, equivalent to $2.18 per share, compared to $118 million, or $1.97 per share, … [Read more...] about Shares of Lear Corp. Fall Short of Expectations
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CarMax Reports Decline in Q2 Earnings
CarMax Inc.'s stock (KMX) experienced a 6.5% decline in premarket trade on Thursday following the release of its second-quarter earnings report. The Richmond, Va.-based used car retailer faced continued pressure within the sector, resulting in a decrease in net income compared to the same period last year. For the quarter ending on August 31, CarMax reported a net income of … [Read more...] about CarMax Reports Decline in Q2 Earnings
