Why Garret Motion Stock Triumphed on Thursday
In a report released on Thursday, Garrett reported an improvement in crucial indicators during the second quarter. Although their net sales didn’t experience significant growth, they did see a rise of approximately 3% compared to the same period last year, amounting to $913 million. According to generally accepted accounting principles (GAAP), their net income significantly increased by nearly 36%, reaching $87 million. On an adjusted, per-share basis, their non-GAAP earnings jumped by 48% to $0.43.