Garrett Motion Raises FY23 Revenue Outlook $3.84B - $4.03B (From $3.79B - $3.98B) Vs. $3.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
Garrett Motion has raised its full year 2023 revenue outlook from $3.79B - $3.98B to $3.84B - $4.03B, against a $3.98B estimate. The company also increased its net sales growth, net income, adjusted EBITDA, net cash provided by operating activities, and adjusted free cash flow projections.
July 27, 2023 | 11:10 am
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POSITIVE IMPACT
Garrett Motion's raised FY23 revenue outlook could lead to a positive short-term impact on its stock price.
Garrett Motion's raised revenue outlook for FY23 indicates a positive financial performance, which could increase investor confidence and potentially lead to a rise in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100