Garrett Motion Q4 Sales $945.00 Miss $946.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Garrett Motion (NASDAQ:GTX) reported Q4 sales of $945.00 million, missing the consensus estimate of $946.00 million by 0.11%. This represents a 5.23% increase over the same period last year, where sales were $898.00 million.
February 15, 2024 | 12:01 pm
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Garrett Motion's Q4 sales slightly missed estimates but showed a year-over-year increase.
Although Garrett Motion missed the consensus sales estimate for Q4, the miss was marginal (0.11%). The year-over-year sales growth of 5.23% could be seen positively by investors, potentially offsetting the negative impact of the sales miss. Given the small miss and the positive growth, the short-term impact on GTX's stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100