Garmin Q2 Adj EPS $1.45 Beats $1.43 Estimate, Sales $1.32B Beat $1.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Garmin reported Q2 earnings of $1.45 per share, beating the analyst consensus estimate of $1.43 by 1.4%. The company also reported quarterly sales of $1.32 billion, surpassing the analyst consensus estimate of $1.28 billion by 3.19%. Both earnings and sales show an increase compared to the same period last year.
August 04, 2023 | 10:56 am
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POSITIVE IMPACT
Garmin's Q2 earnings and sales exceeded analyst estimates, which could positively impact the company's stock in the short term.
Garmin's better-than-expected Q2 earnings and sales could lead to increased investor confidence, potentially driving the company's stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100