Categories AlphaGraphs, Earnings, Technology

Garmin (GRMN) earnings Q2 2021 results

Garmin Ltd. (NASDAQ: GRMN) today reported its second quarter financial results for the period ended June 26, 2021.

GAAP net income for the second quarter was $317 million or $1.64 per share compared to GAAP net income of $184 million or $0.96 per share in the second quarter of 2020.

Total revenue during the quarter was $1.33 billion, up 53% compared to the prior year quarter.

Operating income increased 97% YoY to $371 million.

“Strong demand for active lifestyle products continued, and we experienced solid recovery within our aviation and auto segments resulting in record revenue and profits in the second quarter. We are very pleased with the results we have delivered thus far, giving us confidence to raise our full year 2021 revenue and EPS guidance.”

Cliff Pemble, President and CEO

Most Popular

NFLX Stock: What the slowdown in subscriber growth means for Netflix

When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse

FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?

Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:

Netflix (NFLX) adds 8.3 million new subscribers in Q4: earnings beat estimates

Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption

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