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
Take-Two Interactive Software (TTWO) Earnings: 4Q25 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported its earnings results for the fourth quarter of 2025. Net revenue increased 13% year-over-year to $1.58 billion. Net loss was $3.73 billion, or
Autodesk looks set to report higher Q1 2026 revenue and profit
Autodesk Inc. (NASDAQ: ADSK), a market leader in design software, delivered better-than-expected quarterly results in fiscal 2025, leveraging the digitization trend in the engineering and construction industries. After successfully transitioning
Applied Materials Q2 earnings rise on higher revenues, beat estimates
Semiconductor equipment maker Applied Materials, Inc. (NASDAQ: AMAT) reported higher adjusted earnings for the second quarter of 2025, driven by an increase in revenues. Earnings also exceeded analysts' estimates. Adjusted
