Garrett Motion First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.2023-04-27

Garrett Motion (NASDAQ:GTX) First Quarter 2023 Results Key Financial Results Revenue: US$970.0m (up 7.7% from 1Q 2022). Net income: US$9.00m (down 10.0% from 1Q 2022). Profit margin: 0.9% (down from ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2330300769?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/KiXFs.9cm..G7GbravDxmw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/6540fe5988bdb3105f465c4ad0990b6f","is_english":true,"pubTime":"2023-04-27 18:19","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2330300769","market":"us","top_or_hot":-1,"title":"Garrett Motion First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags","media":"Simply Wall St.","content":"<div>\n<p>Garrett Motion (NASDAQ:GTX) First Quarter 2023 Results\nKey Financial Results\n\nRevenue: US$970.0m (up 7.7% from 1Q 2022).\nNet income: US$9.00m (down 10.0% from 1Q 2022).\nProfit margin: 0.9% (down from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/garrett-motion-first-quarter-2023-101919460.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Garrett Motion First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGarrett Motion First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-27 18:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/garrett-motion-first-quarter-2023-101919460.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Garrett Motion (NASDAQ:GTX) First Quarter 2023 Results\nKey Financial Results\n\nRevenue: US$970.0m (up 7.7% from 1Q 2022).\nNet income: US$9.00m (down 10.0% from 1Q 2022).\nProfit margin: 0.9% (down from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/garrett-motion-first-quarter-2023-101919460.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GTX","symbol_name":"Garrett Motion Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/garrett-motion-first-quarter-2023-101919460.html","article_id":"2330300769","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/KiXFs.9cm..G7GbravDxmw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/6540fe5988bdb3105f465c4ad0990b6f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2330300769","pubTimestamp":1682590759,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Garrett Motion (NASDAQ:GTX) First Quarter 2023 Results\nKey Financial Results\n\nRevenue: US$970.0m (up","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GTX":"Garrett Motion Inc.","GTXAP":"Garrett Motion优先A"},"translate_title":"加勒特运动2023年第一季度收益：收入超出预期，每股收益落后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GTX":0.9,"GTXAP":0.9},"content_text":"Garrett Motion (NASDAQ:GTX) First Quarter 2023 Results\nKey Financial Results\n\nRevenue: US$970.0m (up 7.7% from 1Q 2022).\nNet income: US$9.00m (down 10.0% from 1Q 2022).\nProfit margin: 0.9% (down from 1.1% in 1Q 2022). The decrease in margin was driven by higher expenses.\nEPS: US$0.14 (down from US$0.15 in 1Q 2022).\n\n\n\n\n  NasdaqGS:GTX Earnings and Revenue Growth April 27th 2023\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nGarrett Motion Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 37%. \n Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Auto Components industry in the US. \nPerformance of the American Auto Components industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n You should learn about the   3 warning signs  we've spotted with Garrett Motion (including 1 which can't be ignored). \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2330300769"}