Garmin Affirms FY24 Outlook: Adj EPS $5.40 vs $5.39 Est; Sees Sales $5.750B vs $5.73B Est
Portfolio Pulse from Benzinga Newsdesk
Garmin has confirmed its fiscal year 2024 outlook, maintaining its guidance with expected sales of $5.75 billion and an adjusted EPS of $5.40, aligning closely with analyst estimates of $5.73 billion in sales and an EPS of $5.39.
May 01, 2024 | 11:07 am
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Garmin has reaffirmed its FY24 guidance with sales expected at $5.75 billion and an adjusted EPS of $5.40, in line with analyst predictions.
Garmin's confirmation of its FY24 outlook, which closely matches analyst estimates, is likely to instill confidence among investors and could lead to a positive short-term impact on its stock price. The alignment with expectations suggests stability and reliability in Garmin's financial planning and execution, which are positive signals for the market.
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