Recap: Garrett Motion Q2 Earnings

Shares of Garrett Motion GTX moved lower by 0.6% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 91.86% year over year to $0.07, which may not compare to the estimate of ($0.53).

Revenue of $477,000,000 decreased by 40.52% year over year, which beat the estimate of $371,950,000.

Guidance

Garrett Motion hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 30, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/gtx/mediaframe/39443/indexr.html

Technicals

52-week high: $14.98

52-week low: $2.50

Price action over last quarter: Up 40.43%

Company Overview

Garrett Motion Inc designs, manufactures and sells highly engineered turbocharger and electric-boosting technologies for OEMs and the aftermarket. The company is a global technology leader with significant expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the global aftermarket through its distribution network.