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
McCormick (MKC) expects pricing to drive sales growth for the full year of 2022
Shares of McCormick & Co. Inc. (NYSE: MKC) were up on Thursday after the company beat sales estimates for the third quarter of 2022. Adjusted earnings, however, decreased from the
STZ Infographic: Highlights of Constellation Brands’ Q2 2023 earnings results
Constellation Brands, Inc. (NYSE: STZ) announced second-quarter 2023 earnings results on Thursday, reporting a 12% increase in net sales. Comparable earnings, adjusted for one-off items, climbed 33% year-over-year to $3.17
Conagra Brands (CAG) Q1 earnings beat estimates on higher revenues
Packaged Foods company Conagra Brands Inc. (NYSE: CAG) on Thursday said its first-quarter profit increased supported by a 10% revenue growth. Earnings also came in above the consensus forecast. At $2.90
