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Stock impact report

Garrett Motion (GTX) Climbs to Fresh High on Impressive Earnings, Upbeat Outlook [Yahoo! Finance]

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Garrett Motion capped Friday's trading soaring to a new all-time high as investors continued to digest impressive earnings for the past quarter, alongside a higher growth outlook. At intra-day trading, the stock soared to a record high of $17.05 before trimming gains to finish the day up by 13.8 percent at $16.99 apiece. In an updated report on Thursday, Garrett Motion Inc. (NASDAQ:GTX) said it grew its net income by 48 percent to $77 million from $52 million in the same period last year, on the back of a $20 million jump in gross profit, $8 million lower interest cost, and a $2 million increase in non-operating income. Garrett Motion (GTX) Climbs to Fresh High on Impressive Earnings, Upbeat Outlook laurel-and-michael-evans-c-KDq7nxVdQ-unsplash Net sales, on the other hand, rose by 9.2 percent to $902 million from $826 million year-on-year, primarily driven by higher demand in gasoline and diesel, a favorable currency impact, and recoveries on enacted import tariffs. Foll Show less Read more
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