Garmin today reported its fourth quarter 2017 results. The Swiss-based firm saw its sales increase 3% to $888 million vs the same quarter of 2016.
Adjusted earnings came in at $0.79 per share, which is an improvement of 8% year-over-year. When it comes to segment performance, Outdoor, Aviation and Marine grew double-digits compared to the prior-year period, whereas the Auto segment nosedived 14%.
Dividend Update
Garmin’s board has declared quarterly dividend of $0.51 per share with March 30, 2018 as the payment date and March 15, 2018 as the record date.
2018 Outlook
The company expects its 2018 revenue to be approx. $3.2 billion. In addition, it expects adjusted earnings to be approx $3.05 per share. Garmin’s Board plans to give $2.12 per share as dividends during the year.
Most Popular
AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Dollar General (DG) faces challenges from inventory shrink in Q3
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although
