Garmin raises full-year guidance, results beat amid unabated demand

Quick Summary:

Garmin raised its full-year profit and revenue forecasts on Wednesday, expecting a slew of launches of wearable products ahead of the holiday season to drive demand further, sending the company's shares up 9.5 per cent in premarket trading.

On a pro-forma basis, it now expects to earn a profit of $6.85 per share, higher than its previous projection of $6.00.

FILE PHOTO: A Garmin GPS watch is shown on a display at a store in Encinitas, California, U.S., October 30, 2017.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Billion Analysts Profit Full-year Revenue Company Expecting Garmin Wearables Holiday Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 19:46:33 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 12 lines

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Copyright Owner: © Channel News Asia

News ID: 23338077

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