💨 Abstract

Adient PLC reported a fiscal second-quarter loss of $335 million, or $3.99 per share. However, adjusted earnings of 69 cents per share and revenue of $3.61 billion exceeded Wall Street expectations. The company anticipates full-year revenue of $13.9 billion. Despite these positive results, Adient's shares have declined 27% year-to-date and 55% over the past year.

Courtesy: wtop.com