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
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
