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

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top