Garmin Ltd. (GRMN) has reported second-quarter 2024 pro-forma earnings of $1.58 per share, beating the Zacks Consensus Estimate by 12.9%. The bottom line improved 9% on a year-over-year basis.Net sales were $1.51 billion, which surpassed the Zacks Consensus Estimate of $1.44 billion. The figure increased 14% from the year-ago quarter.Year-over-year growth in the top line was attributed to the solid momentum in the Fitness, Marine and Auto OEM segments. Shares of Garmin have gained 37% year to date, outperfo ...

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Garmin (GRMN) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.86%. A quarter ago, it was expected that this maker of personal navigation devices would post earnings of $1 per share when it actually produced earnings of $1.42, delivering a surprise of 42%.Over the last four quarters ...

财务业绩 - 公司第二季度收入达15.07亿美元，同比增长14%[1] - 毛利率和营业利润率分别为57.3%和22.7%[3] - 营业利润达3.42亿美元，同比增长20%[1] - GAAP每股收益为1.56美元，非GAAP每股收益为1.58美元，同比增长9%[4] - 2024年第二季度营收为15.07亿美元，同比增长14%[50] - 2024年上半年营收为28.88亿美元，同比增长17%[50] - 2024年第二季度毛利为8.63亿美元，毛利率为57.3%[43] - 2024年上半年毛利为16.65亿美元，毛利率为57.7%[47] - 2024年第二季度营业利润为3.42亿美元，同比增长20%[43] - 2024年上半年营业利润为6.40亿美元，同比增长33%[47] 地区业绩 - 2024年第二季度美洲地区营收为7.41亿美元，同比增长15%[50] - 2024年上半年美洲地区营收为14.57亿美元，同比增长16%[50] - 2024年第二季度EMEA地区营收为5.42亿美元，同比增长18%[50] - 2024年上半年EMEA地区营收为10.05亿美元，同比增长24%[50] 其他财务数据 - 2024年6月29日现金及现金等价物为19.37亿美元[33] - 公司GAAP基本每股收益为1.57美元、1.51美元、3.00美元和2.56美元[56] - 公司GAAP稀释每股收益为1.56美元、1.50美元、2.99美元和2.56美元[56] - 公司基本加权平均普通股股数为192,074股、191,293股、191,982股和191,395股[58] - 公司稀释加权平均普通股股数为192,899股、191,597股、192,808股和191,741股[58] - 公司外汇收益和损失对现金影响很小[59] - 公司自由现金流分别为221,169千美元、620,301千美元和453,566千美元[62] - 公司2024年财务指引不包括外汇收益损失和特殊税务项目的影响[63][64][65] 业务发展 - 已向汽车OEM客户发货100万台域控制器[1] - Garmin Health已支持超过1,000项研究项目[1] - 全球员工人数超过20,000人[1] - 公司宣布每股0.75美元的季度股息[17] - 第二季度自由现金流为2.18亿美元[14]

Company reports record second quarter revenue and raises full year guidanceSCHAFFHAUSEN, Switzerland, July 31, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the second quarter ended June 29, 2024.Highlights for second quarter 2024 include:Consolidated revenue of $1.51 billion, a 14% increase compared to the prior year quarterGross and operating margins were 57.3% and 22.7%, respectivelyOperating income of $342 million, a 20% increase compared to the prior year quarterGAAP EPS o ...

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When we hear of human augmentation, it’s easy to picture something out of a sci-fi movie. But actually, we interact with human augmentation devices and capabilities on a day-to-day basis without it being apparent. Devices such as smartphones and fitness trackers are examples of such devices. Human augmentation simply means tools that improve our physical, mental or cognitive capabilities through technology. It’s one of the most interesting emerging technologies and one that’s changing how we execute activit ...

Garmin (GRMN) launched the JL Audio MediaMaster (MM) 55 and 55-HR next-generation marine and powersports source units.The MM55 features a 2.8-inch full-color LCD display with larger icons, simplified menus and a refreshed color palette, while the MM55-HR is a versatile helm device that can be mounted in various areas around a boat or vehicle, enhancing its efficiency.These devices also offer connectivity options like digital AM/FM tuner, DAB+ radio, Bluetooth, analog AUX input and USB connection. With advan ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...

In the latest trading session, Garmin (GRMN) closed at $168.80, marking a +1.22% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%.Heading into today, shares of the maker of personal navigation devices had gained 2.98% over the past month, lagging the Computer and Technology sector's gain of 5.73% and the S&P 500's gain of 4.28% in that time.The investment community will ...