GRMN Stock Recent News
GRMN LATEST HEADLINES
Garmin's (GRMN) first-quarter sales results benefit from strength in the Fitness, Auto OEM and Outdoor segments.
Net sales of $1.38 billion in the period were above the consensus call for $1.25 billion.
Garmin Ltd.'s stock soared12% Wednesday to put it on track for its biggest one-day gain in more than four years, after the maker of navigation devices and fitness trackers swept past earnings estimates for the first quarter.
Garmin easily beat analyst expectations in both earnings per share and revenue in the first quarter. Garmin doesn't adjust guidance after the first quarter, but investors expect a boost in the coming months.
The headline numbers for Garmin (GRMN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Garmin (GRMN) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.02 per share a year ago.
Swiss navigation device maker Garmin topped Wall Street expectations for first-quarter results on Wednesday, benefiting from new launches and strong demand for its products in fitness and auto segments.
Garmin (GRMN) expands its Outdoor Maps+ offering to several European countries, boosting its adventure smartwatches portfolio.
Garmin (GRMN) expands its Garmin Navigation Database coverage to Europe, bolstering its Aviation business.
Garmin has proven its ability to earn a premium for its GPS devices and platforms. Meta Platforms has some big questions to answer for investors in a few weeks.