Garrett Motion Sees FY24 Net Sales $3.4B-$3.5B vs $3.56B Est.
Portfolio Pulse from Benzinga Newsdesk
Garrett Motion has projected its fiscal year 2024 net sales to be between $3.4 billion and $3.5 billion, which is below the estimated $3.56 billion.
October 24, 2024 | 10:59 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Garrett Motion's FY24 net sales forecast of $3.4B-$3.5B is below the $3.56B estimate, potentially impacting investor sentiment negatively.
The company's projected sales for FY24 are below market expectations, which could lead to a negative reaction from investors and a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100