Adient (ADNT) Q1 Earnings Miss Estimates, Guidance Revised

Adient (ADNT) delivered adjusted earnings per share (EPS) of 31 cents for the first quarter of fiscal 2024. Earnings fell from 34 cents recorded in the year-ago period and also missed the Zacks Consensus Estimate of 47 cents. In the reported quarter, the company generated net sales of $3.66 billion, which decreased 1% year over year and missed the Zacks Consensus Estimate of $3.72 billion.Segmental PerformanceAdient currently operates through three reportable segments — the Americas, including North America ...