Garrett Motion Clocks 14% Sales Decline In Q4; Bottom-Line Exceeds Expectation
Garrett Motion Inc (NASDAQ:GTX) reported a fourth-quarter sales decline of 14% year-over-year to $862 million, -13% on a constant currency basis, missing the consensus of $863 million. The decrease in net sales was driven by global semiconductor shortage sales across all product lines, mainly in passenger vehicles. EPS was $0.29, compared to $0.34…
Benzinga ·
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Benzinga
