Categories AlphaGraphs, Earnings, Technology
GRMN Earnings: Key highlights from Garmin Ltd. Q1 2021 financial results
Garmin Ltd. (NASDAQ: GRMN) today reported its first quarter financial results for the period ended March 27, 2021.
Net income for the first quarter was $220 million, or $1.14 per share, compared to net income of $161 million, or $0.84 per share in the first quarter of 2020.
Net sales increased 25% to $1.07 billion.
Shares down 1% during the pre-market hours following the earnings announcement.
Broad momentum across our business segments resulted in strong double-digit revenue and profit growth. Interest in fitness, health, and active lifestyle products has never been higher, and we believe that we are well positioned to capitalize on the opportunities ahead.
Cliff Pemble, President and CEO of Garmin
Most Popular
ExxonMobil (XOM) Earnings: Q2 numbers top expectations
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results
Caterpillar reports a 29% rise in revenue in Q1
Caterpillar Inc (NYSE: CAT) reported second-quarter 2021 financial results before the regular market hours on Friday. The manufacturer of construction machinery and equipment reported Q2 revenue of $12.9 billion, up
Key highlights from Chevron (CVX) Q2 2021 earnings results
Chevron Corporation (NYSE: CVX) reported second-quarter 2021 earnings results today. Total revenues amounted to $37.5 billion compared to $13.4 billion in the year-ago period. The reported net income was $3.1
