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.

Garmin Q3 2020 Earnings Infographic

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.

  • Garmin (GRMN) exceeds Q4 2019 earnings, revenue estimates; FY20 guidance above market views
  • Garmin (NASDAQ: GRMN) Q3 2019 Earnings Snapshot
  • Garmin (GRMN) Q1 2019 earnings infograph

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Viewing Highlight