Garmin (GRMN) Q1 Earnings & Sales Beat Estimates, Rise Y/Y

Garmin Ltd. (GRMN) has reported first-quarter 2024 pro-forma earnings of $1.42 per share, beating the Zacks Consensus Estimate by 42%. The bottom line improved on a year-over-year basis. Net sales were$ 1.38 billion, which surpassed the Zacks Consensus Estimate of $1.24 billion. The figure increased 20% from the year-ago quarter. Year-over-year growth in the top line was attributed to strength in the Fitness and Auto OEM segments. The growing Outdoor and Marine segments contributed well. Shares of Garmin ha ...