Adient: Fiscal Q2 Earnings Snapshot
By AP News
Published - May 03, 2023, 08:21 AM ET
Last Updated - Jun 21, 2023, 11:29 PM EDT
DUBLIN (AP) — DUBLIN (AP) — Adient PLC (ADNT) on Wednesday reported a loss of $15 million in its fiscal second quarter.
On a per-share basis, the Dublin-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, came to 32 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The automotive seating and interiors supplier posted revenue of $3.91 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.72 billion.
