Adient Fiscal Q1 Adjusted Earnings Grow As Revenue Drops

07:28 AM EST, 02/05/2021 (MT Newswires) -- Adient (ADNT) reported Friday fiscal Q1 adjusted earnings of $1.71 per diluted share, up from $0.96 a year ago. Analysts polled by Capital IQ expected $0.88.

Net sales for the quarter totaled $3.85 billion, down from $3.94 billion. Analysts polled by Capital IQ expected revenue of $3.84 billion.

The company reaffirmed fiscal 2021 revenue guidance of $14.6 billion to $15.0 billion. Analysts polled by Capital IQ expect $14.91 billion.

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