Garrett Motion Q2 2024 GAAP EPS $0.28 Misses $0.30 Estimate, Sales $890.000M Miss $975.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Garrett Motion (NASDAQ:GTX) reported Q2 2024 earnings per share of $0.28, missing the analyst consensus estimate of $0.30 by 6.67%. The company also reported sales of $890 million, which missed the estimate of $975.5 million by 8.76%, and represents an 11.97% decrease from the same period last year.
July 25, 2024 | 10:59 am
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Garrett Motion (NASDAQ:GTX) reported Q2 2024 earnings per share of $0.28, missing the analyst consensus estimate of $0.30 by 6.67%. The company also reported sales of $890 million, which missed the estimate of $975.5 million by 8.76%, and represents an 11.97% decrease from the same period last year.
The earnings and sales figures both missed analyst estimates, which is likely to negatively impact investor sentiment and the stock price in the short term. Additionally, the significant year-over-year decrease in sales further adds to the negative outlook.
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