Garrett Motion Q3, Sales $826.000M Miss $851.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Garrett Motion reported Q3 sales of $826 million, missing the estimated $851 million.
October 24, 2024 | 10:57 am
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NEGATIVE IMPACT
Garrett Motion's Q3 sales were $826 million, falling short of the $851 million estimate, which may negatively impact investor sentiment.
The earnings miss indicates that Garrett Motion's performance was below expectations, which typically leads to negative investor sentiment and potential short-term stock price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100