Categories AlphaGraphs, Earnings, Technology
Infographic: Garmin (GRMN) Q3 earnings, revenue top expectations
Garmin Ltd. (NASDAQ: GRMN) Wednesday reported third-quarter earnings and revenues that surpassed the market’s estimates. The company’s stock gained 2% soon after the announcement.
Earnings, on a pro forma basis, rose 24% to $1.58 per share in the September-quarter from $1.27 per share last year. Unadjusted profit moved up to $313.4 million or $1.63 per share from $227.9 million or $1.19 per share in the third quarter of 2019. Analysts were looking for a lower profit.
During the three-month period, total revenue advanced 19% annually to $1.1 billion, aided by strong growth in marine, fitness, and outdoor. The top-line also exceeded analysts’ forecast.
Garmin’s stock gained early Wednesday following the earnings announcement, after closing the previous session lower.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
PEP Earnings: All you need to know about PepsiCo’s Q3 2024 earnings results
PepsiCo, Inc. (NASDAQ: PEP) reported its third quarter 2024 earnings results today. Net revenue dipped 0.6% to $23.3 billion compared to the same period a year ago. Organic revenue growth
Walgreens Boots Alliance’s Q4 results likely to reflect market challenges
Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been struggling to maintain sales momentum and profitability for quite some time due to a challenging operating environment. The main headwinds to the
Bank earnings preview: What to expect when the banking giants report Q3 2024 results
A slew of major banks are set to report their earnings results for the third quarter of 2024 over this week and the next. The focus will be on interest
