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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool