Tata Motors rides higher after earnings [Seeking Alpha]
Tata Motors Ltd Tata Motors Limited (TTM)
US:NYSE Investor Relations:
tatamotors.com/investor/volumes
Company Research
Source: Seeking Alpha
Tata Motors rides higher after earningsTata Motors (TTM+0.9%) trades higher despite posting almost a 50% drop in net profit during Q1. The bottom line mark also missed the consensus estimate of analysts by a wide margin.Investors make have their focus on the automaker's performance in its domestic market. "We gained market share in both commercial and passenger vehicles with strong improvement in profitability and positive cash flow," notes Tata Chairman N Chandrasekaran.Jaguar Land Rover posted 4% revenue growth during the quarter.Previously:Tata Motors reports Q4 results (May 23)Click to subscribe to real-time analytics on TTMNow read:General Motors: Share Price Lags Conservative Analyst Estimates »
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