Adient's stock falls after mixed preliminary results
Shares of automotive seating company Adient PLC dropped 3.4% in premarket trade Wednesday, after reporting mixed preliminary fiscal first-quarter results. The company said revenue is expected to be $4.16 billion to $4.20 billion, which surrounds the FactSet consensus of $4.18 billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to fall to $175 million from $267 million a year ago, well below the FactSet consensus of $228.6 million. Adient said... Читать дальше...