Garmin forecasts 2025 results above estimates on strong outdoor wearables demand

Quick Summary:

Swiss navigation device maker Garmin forecast full-year results above Wall Street estimates on Wednesday, banking on continued momentum in its outdoor and auto OEM segments.

On a pro forma basis, its profit was $2.41 per share, while analysts expected a profit of $2.03 per share.

Revenue from its auto OEM segment jumped 30 per cent to $165.8 million, led by increased shipments of domain controllers to automakers such as BMW.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Full-year Million Revenue Billion Outdoor Share Profit Estimate Analysts Garmin Wearables

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 21:08:21 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26272849

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