08:49 AM EDT, 05/03/2024 (MT Newswires) -- Adient (ADNT) reported fiscal Q2 adjusted earnings Friday of $0.54 per diluted share, compared with $0.32 a year earlier. Analysts surveyed by Capital IQ expected $0.44. Net sales for the quarter ended March 31 was $3.75 billion, compared with $3.91 billion a year earlier. Analysts surveyed by Capital IQ expected $3.79 billion. The...

08:47 AM EDT, 05/03/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Friday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently advanced by 0.1%. Hershey (HSY) was up more than 1% after it reported higher Q1 adjusted earnings and revenue. ...

Magna International, Inc. ( MGA ) shares fall in the premarket session after reporting first-quarter results. The company reported adjusted earnings per share of $1.08, missing the street view of $1.25. The company recorded asset impairments and restructuring totaling $316 million related to Fisker Inc. (OTC:FSRN). Lower volumes in the Complete Vehicles segment and the net weakening of foreign currencies against the U.S. dollar affected quarterly performance....

08:47 AM EDT, 05/03/2024 (MT Newswires) -- Hershey (HSY) on Friday reported better-than-expected first-quarter results buoyed by price hikes and volume gains, while the confectionery company maintained its full-year outlook. Adjusted earnings came in at $3.07 per share for the March quarter, up from $2.96 the year before and surpassing the Capital IQ-polled consensus of $2.76. Sales advanced 8.9% to...