Garmin Q4 Adj. EPS $1.72 Beats $1.40 Estimate, Sales $1.48B Beat $1.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Garmin (NYSE:GRMN) reported Q4 adjusted EPS of $1.72, surpassing the $1.40 estimate, and sales of $1.48B, exceeding the $1.41B estimate. This represents a 27.41% increase in earnings and a 13.48% increase in sales from the same period last year.
February 21, 2024 | 12:01 pm
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POSITIVE IMPACT
Garmin's Q4 earnings and sales exceeded analyst expectations, with significant year-over-year growth in both metrics.
Garmin's better-than-expected Q4 earnings and sales figures, along with significant year-over-year growth, are likely to positively impact investor sentiment and the stock price in the short term. The substantial beat on both the top and bottom lines indicates strong operational performance and could lead to upward revisions in future earnings estimates and analyst ratings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100