RFV - Why Is Automotive Seating Company Adient Stock Falling After Q2 Earnings? | Benzinga
Adient Plc (NYSE:ADNT) shares are trading lower on Friday.
The firm reported second-quarter adjusted earnings per share of 54 cents, beating the street view of 42 cents.
Quarterly sales of $3.750 billion missed the analyst consensus of $3.787 billion. Sales fell over 4% year over year, owing to low volumes and FX headwinds.
The company reported adjusted EBITDA of $227 million, up $12 million year over year. Adjusted EBITDA margin expanded by 60 basis points to 6.1%.
Margins ...