Adient +18% on relief rally

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

Adient (NYSE:ADNT) pops after topping FQ3 estimates and reaffirming guidance for FY19 revenue of $16.5B to $16.7B vs. $16.6B consensus.

The company cuts its capital expenditures forecast to $500M to $525M from a prior view for $550M to $575M.

Shares are up 17.55% in morning trading and have as traded as high as $23.70.

Previously: Adient EPS beats by $0.04, beats on revenue (Aug. 6)

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