Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Garmin’s (GRMN) Q2 2023 financial results

Garmin Ltd. (NASDAQ: GRMN), a leading manufacturer of global positioning systems, reported higher revenues and earnings for the second quarter of 2023.

Garmin Q2 2023 earnings infographic

Total revenues increased 6% annually to $1.32 billion in the June quarter, mainly reflecting strong growth in the Aviation and Fitness segments.

Unadjusted net income was $287.9 million or $1.50 per share in the second quarter, compared to $257.9 million, or $1.33 per share in the year-ago quarter. Pro forma earnings moved up 1% year-over-year to $1.45 per share.

Cliff Pemble, CEO of Garmin, said, “Our recent wearable launches have been well received and we expect continued revenue growth throughout the remainder of the year.”

Prior Performance

  • Garmin Q3 2021 earnings results

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

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