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Adient announcing preliminary 1Q19 results, shares down 11.7% premarket

|About: Adient plc (ADNT)|By:, SA News Editor

Adient (NASDAQ:ADNT) announces revenue to be ~$4.158B (-1.1% Y/Y) in 1Q19, in line with consensus estimate of $4.16B.

Adjusted EBITDA is expected to be ~$175M (-34.5% Y/Y).

The company expects earnings to improve in 2H19 vs. 1H19.

Company will announce Q1 results on Feb. 7.

ADNT -11.7% premarket.

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