TECH - Garmin's Advanced Wearables Are In Demand Surprises With Q1 Profit Growth | Benzinga
Garmin Ltd (NYSE:GRMN) reported fiscal first-quarter 2024 revenue growth of 20% year-on-year to $1.38 billion, beating the consensus of $1.25 billion.
The GPS navigation and wearable technology company's proforma EPS of $1.42 beat the consensus of $1.01.
Segments: Revenue from Fitness grew by 40% year over year to $342.89 million, with growth across all categories led by strong demand for advanced wearables.
Outdoor revenue improved by 11% year over year to $366.19 million, primarily due to growth in wearables. Aviation revenue grew ...