Adient: Fiscal 1Q Earnings Snapshot
Adient: Fiscal 1Q Earnings Snapshot
DUBLIN (AP) _ Adient PLC (ADNT) on Thursday reported a loss of $17 million in its fiscal first quarter.
On a per-share basis, the Dublin-based company said it had a loss of 18 cents. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The automotive seating and interiors supplier posted revenue of $4.16 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $4.17 billion.
Adient shares have climbed 42 percent since the beginning of the year. The stock has decreased 66 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADNT at https://www.zacks.com/ap/ADNT