Categories AlphaGraphs, Earnings, Technology
Everything you need to know about Garmin’s (GRMN) Q1 2023 earnings
Garmin Ltd. (NASDAQ: GRMN), a leading manufacturer of global positioning systems, reported lower revenues and proforma earnings for the first quarter of 2023.
Total revenues decreased 2% annually to $1.15 billion in the March quarter, mainly reflecting weakness in the Outdoor segment.
Unadjusted net income was $202.3 million or $1.05 per share in the first quarter, compared to $211.6 million, or $1.09 per share in the year-ago quarter. Pro forma earnings dropped 8% year-over-year to $1.02 per share.
Cliff Pemble, CEO of Garmin, said, “2023 is off to a good start with four of our five segments posting double-digit revenue growth driven by new product introductions and solid demand trends.”
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates
Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings
ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results
Accenture (NYSE: ACN) reported its first quarter 2026 earnings results today. Revenues of $18.7 billion increased 6% in US dollars and 5% in local currency compared to the same period a
