16.66
price down icon2.12%   -0.36
pre-market  Pre-market:  16.65   -0.01   -0.06%
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Why is Adient Plc (ADNT) Stock down?

08 Nov, 2023:

Shares of Adient Plc Ordinary Shares (ADNT) dropped by 8.71% from $35.59 to $32.49 in the trading on Wednesday, Novemeber 8, 2023. The reason why ADNT down is due to its Q3 earnings report. Although the company reported a 2.2% revenue increase at $3.73 billion, its EPS of $0.51 was slightly lower than last year's $0.53, and both revenue and EPS missed the Zacks Consensus Estimates by -0.82% and -1.92%, respectively. Investors were closely monitoring these figures, causing the stock price decline.

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