logo
Garmin: Q3 Earnings Snapshot

Garmin: Q3 Earnings Snapshot

By AP News
Published - Oct 30, 2024, 07:09 AM ET
Last Updated - Dec 16, 2024, 05:51 PM EST

SCHAFFHAUSEN, Switzerland (AP) — SCHAFFHAUSEN, Switzerland (AP) — Garmin Ltd. (GRMN) on Wednesday reported third-quarter earnings of $399.1 million.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had net income of $2.07. Earnings, adjusted for non-recurring gains, came to $1.99 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The maker of personal navigation devices posted revenue of $1.59 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.44 billion.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024