GTX - Garrett Motion EPS misses by $0.04 misses on revenue lowers guidance

Garrett Motion (NASDAQ:GTX): Q3 GAAP EPS of $0.20 misses by $0.04. Revenue of $839M (+4.4% Y/Y) misses by $85M. Adjusted EBITDA increased to $134m from $120M for the same period in 2020. The Adjusted EBITDA margin increased to 16.0% from 14.9% a year ago.  Lowers 2021 Outlook: Revenue is now expected to range between $3.60-$3.70B, lower from, prior guidance of $3.70-$3.90B vs. consensus of $3.76B; That is sales growth of 14% to 17%; Adjusted EBITDA of $590-$$620M; and GAAP Net Income of $405M to $435M, compared to prior guidance of $428M to $468M Press Release

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Garrett Motion EPS misses by $0.04, misses on revenue, lowers guidance