Investing.com - Adient reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Adient announced earnings per share of $0.53 on revenue of $3.65B. Analysts polled by Investing.com EPS of $0.51 on revenue of $3.56B.
Adient 's are down 21.43% and is trading at $37.62 , still down 26.18% from its 52 week high of $50.96 set on Thursday, January 13, 2022.
Adient shares gained 13.18% to trade at $37.62 in intra-day trade the report.
Adient follows other major Consumer Discretionary sector earnings this month
Adient's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, for EPS of $1.03 on revenue of $22.5B.
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