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 anticipated EPS of $0.51 on revenue of $3.56B.
Adient shares are down 21.43% from the beginning of the year and are trading at $37.62 , down-from-52-week-high.
Adient shares gained 13.18% 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 October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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