Adient Q1 Results Miss Estimates; Reaffirms FY24 Net Sales Outlook

RTTNews | 568 일 전
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

read more
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 | 659 일 전
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 | 1032 일 전
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 25 분 전
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 31 분 전
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 1 시간 36 분 전
U.S. Weekly Jobless Claims Edge Down To 229,000

U.S. Weekly Jobless Claims Edge Down To 229,000

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.
RTTNews | 1 시간 49 분 전