Garmin Q3 Earnings: Strong Revenue Growth Wearable Demand, Margin Expansion, Holiday Season Prompts Outlook Boost
Portfolio Pulse from Anusuya Lahiri
Garmin Ltd reported strong Q3 2024 earnings with a 24% revenue growth to $1.59 billion, surpassing analyst expectations. The company's EPS also exceeded estimates, leading to a stock price increase. Garmin raised its FY24 outlook, anticipating higher revenue and EPS.
October 30, 2024 | 1:46 pm
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Garmin Ltd reported a 24% increase in Q3 revenue to $1.59 billion, beating analyst estimates. EPS also exceeded expectations, leading to a stock price increase. The company raised its FY24 outlook, expecting higher revenue and EPS.
Garmin's strong Q3 performance, with revenue and EPS beating expectations, positively impacts investor sentiment. The raised FY24 outlook further boosts confidence, likely driving the stock price up in the short term.
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