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Garmin Surpasses Q4 Revenue Forecast

TheMotleyFool 
0 0 19.02.25
Garmin Surpasses Q4 Revenue Forecast
 

Garmin (NYSE:GRMN), known for its leadership in GPS technology across varied segments like fitness, outdoor, aviation, marine, and automotive, released its fourth-quarter 2024 earnings on Feb. 19.

The results certainly turned heads, with Garmin posting revenue of $1.82 billion compared to the expected $1.70 billion. This signifies a notable 23% increase year-on-year. The Pro Forma EPS incidentally grew to $2.41, beating the analysts' estimate of $2.05, recording an impressive 40% rise from the corresponding period in the prior year.

The company’s robust quarterly performance points to significant execution on business strategy despite competitive industry pressures.

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Source Fool.com

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