Garrett Motion Q1 2024 GAAP EPS $0.28 Beats $0.25 Estimate, Sales $915.000M Miss $954.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Garrett Motion (GTX) reported Q1 2024 earnings of $0.28 per share, surpassing the $0.25 estimate, but sales of $915M fell short of the $954.5M forecast, marking a 5.67% decrease from the previous year.
April 25, 2024 | 10:59 am
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Garrett Motion's Q1 2024 earnings beat estimates but sales missed expectations and showed a year-over-year decline.
While the earnings per share (EPS) beat may positively impact investor sentiment towards GTX, the miss on sales forecasts and the year-over-year decline could temper any potential stock price gains. The mixed results present a neutral outlook in the short term as investors weigh the better-than-expected earnings against the sales performance.
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