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Adient Q1 Results Miss Estimates; Reaffirms FY24 Net Sales Outlook

RTTNews | 447 days ago

Adient Q1 Results Miss Estimates; Reaffirms FY24 Net Sales Outlook

(RTTNews) - Automotive seating firm Adient plc (ADNT) reported Wednesday that net income attributable to Adient for the first quarter nearly doubled to $20 million or $0.21 per share from $12 million or $0.13 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.31 per share, compared to $0.34 per share in the year-ago quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share for the quarter. Analysts' estimates usually exclude special items.

Net sales for the quarter decreased to $3.66 billion from $3.70 billion in the same quarter last year. Analysts were looking for $3.71 billion.

Looking ahead to fiscal 2024, the company continues to project consolidated sales between $15.4 billion and $15.5 billion, while analysts' expect $15.59 billion.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ADNT

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Adient Q3 Results Miss Estimates; Guides FY24 Below View

Adient Q3 Results Miss Estimates; Guides FY24 Below View

Automotive seating firm Adient plc (ADNT) reported Wednesday that net income attributable to Adient for the fourth quarter surged to $135 million or $1.42 per share from $45 million or $0.47 per share in the prior-year quarter.

RTTNews | 538 days ago

Adient Promotes Jerome Dorlack To Succeed Jeff Stafeil As EVP And CFO

Adient Promotes Jerome Dorlack To Succeed Jeff Stafeil As EVP And CFO

Automotive seating firm Adient (ADNT) announced Monday that Jerome Dorlack, Adient's current executive vice president, Americas, and an automotive industry veteran, will be appointed executive vice president and chief financial officer (CFO), effective Dec. 1, 2022.

RTTNews | 911 days ago

Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday, as traders remain optimistic and keep a close eye on developments on the tariff front, with U.S. Treasury Secretary Scott Bessent reportedly said he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.

RTTNews | 23 minutes ago

European Economic News Preview: Eurozone Economic Sentiment Due

European Economic News Preview: Eurozone Economic Sentiment Due

Economic sentiment and monetary aggregates from the euro area and consumer sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the market research group GfK publishes German consumer sentiment survey results. The confidence index is forecast to fall to -25.6 in May from -24.5 in April.

RTTNews | 1h 21min ago

Canadian Dollar Climbs Against Most Majors

Canadian Dollar Climbs Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Tuesday.

RTTNews | 1h 26min ago

NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 0.5987 against the U.S. dollar, from yesterday's closing value of 0.5971.

RTTNews | 1h 31min ago

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

RTTNews | 1h 40min ago

European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Tuesday as investors watch the latest developments on trade talks and await cues from some big U.S. tech companies.

RTTNews | 1h 41min ago

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