Adient Plc (ADNT) said before open Wednesday that it broke even in quarter two 2023.
In the same quarter a year ago, the company lost $0.13 per share on revenue of $3.5 billion.
The stock is down 6.93% to $34.67 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Adient Plc a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 63. Meanwhile, the average Wall Street analyst rated the stock a Buy.
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Adient Plc Down 6.93% To $34.67 After Earnings
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