Garmin Q3 Earnings: Strong Revenue Growth Wearable Demand, Margin Expansion, Holiday Season Prompts Outlook Boost

Quick Summary:

Garmin Ltd (NYSE:GRMN) reported fiscal third-quarter 2024 revenue growth of 24% year-on-year to $1.59 billion, beating the analyst consensus estimate of $1.44 billion. 

The GPS navigation and wearable technology company's proforma EPS of $1.99 beat the analyst consensus estimate of $1.44. The stock gained after the print.

Also Read: MSCI Touts Strong Subscription Growth, CEO Says Q3’s Recurring Sales Were ‘Best-Ever’

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Global Briefs Earnings Tech Stories That Matter News Why it's moving Top Stories Benzinga GRMN CH0114405324

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:46:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23340004

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