Garmin Raises FY2023 Adj EPS Guidance from $5.15 to $5.25 vs $5.18 Est; Raises FY2023 Sales Guidance from $5.05B to $5.15B vs $5.06B Est
Portfolio Pulse from Benzinga Newsdesk
Garmin has increased its FY2023 adjusted EPS guidance from $5.15 to $5.25, compared to the estimated $5.18. The company also raised its FY2023 sales guidance from $5.05 billion to $5.15 billion, against the estimated $5.06 billion. This adjustment is based on the company's performance in the first three quarters of 2023 and the acquisition of JL Audio.
November 01, 2023 | 11:09 am
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POSITIVE IMPACT
Garmin's raised FY2023 EPS and sales guidance, driven by strong performance and the JL Audio acquisition, could positively impact its stock in the short term.
Garmin's raised guidance indicates strong performance and successful integration of JL Audio. This positive news could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100