Shares of Lear Corp. LEA, -1.97% sank 7.6% in premarket trading Tuesday, after the automotive electrical systems company cut its full-year outlook, citing continued declines in industry production volumes and macroeconomic headwinds. The company cut its 2019 sales guidance to $19.8 billion to $20.3 billion from $20.9 billion to $21.7 billion, its adjusted net income outlook to $885 million to $965 million from $1.08 billion to $1.17 billion and its free cash flow guidance range to $675 million to $775 million from $850 million to $950 million. Core operating earnings are now expected to be $1.35 billion to $1.45 billion, down from previous guidance of $1.60 billion to $1.70 billion. “Previously, we indicated that we anticipated an increase in industry production volumes in the second half of the year and an associated improvement in sales and earnings,” said Chief Executive Ray Scott. “We now believe general macroeconomic and industry factors will continue to put pressure on sales and earnings throughout the remainder of 2019.” The company expects to increase its restructuring program by $60 million to $200 million. The stock has shed 13.3% over the past three months, while the Dow Jones Industrial Average DJIA, +0.04% has gained 3.4%.