Garmin Stock News

Garmin Ltd (NYSE: GRMN ) reported fourth-quarter FY21 revenue growth of 3% year-on-year to $1.39 billion, beating the consensus of $1.36 billion. Revenue from Fitness was flat Y/Y at $470 million, Outdoor declined 8% Y/Y to $378.2 million, Aviation improved 13% Y/Y to $177.6 million, Marine jumped 14% Y/Y to $196.5 million, and Auto sales grew 21% Y/Y to $169.2 million. Margins: The gross margin contracted 300 bps to … Full story available on Benzinga.com

Garmin's (GRMN) fourth-quarter sales reflect strong momentum across the marine, aviation and auto segments.

Garmin's (GRMN) fourth-quarter sales reflect strong momentum across the marine, aviation and auto segments.

Garmin (GRMN) delivered earnings and revenue surprises of 9.93% and 1.94%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Garmin's (GRMN) CEO Cliff Pemble on Q4 2021 Results - Earnings Call Transcript

Garmin Earnings, Revenue Beat in Q4

Garmin Ltd. said Wednesday its fourth-quarter net income fell to $286.14 million or $1.48 a share, from $333.55 million, or $1.73 a share, in the year-ago quarter. Adjusted net income dipped to $1.55 a share from $1.73 a share. Sales increased 3% to a record $1.39 billion from $1.35 billion. Analysts expected Garmin to earn $1.44 a share on sales of $1.36 billion, according to a FactSet survey. Operating expenses rose 9% to $457 million. Looking ahead, Garmin expects 2022 revenue to increase about 10% to $5.5 billion and adjusted 2022 earnings of $5.90 share. Analysts currently expect the company to generate 2022 sales of $5.33 billion and adjusted earnings of $6.27 a share. Shares of Garmin fell 1.3% in premarket trades. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Garmin press release (GRMN): Q4 Non-GAAP EPS of $1.55 beats by $0.12.Revenue of $1.39B (+3.0% Y/Y) beats by $10M.“2021 was another remarkable year as demand for our products led…

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (NYSE: GRMN), today announced results for the fourth quarter and fiscal year ended December 25, 2021. Highlights for fourth quarter 2021 include: Record consolidated revenue of $1.39 billion, a 3% increase over the prior year quarter with three of our segments posting strong double digit growth Gross and operating margins were 55.5% and 22.6%, respectively Operating income of $315 million, a 15% decrease compared to the prior year quarter

Garmin (GRMN) delivered earnings and revenue surprises of 9.93% and 1.94%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Garmin Ltd. GRMN, -0.73% said Wednesday its fourth-quarter net income fell to $286.14 million or $1.48 a share, from $333.55 million, or $1.73 a share, in the year-ago quarter.

Garmin's (GRMN) fourth-quarter 2021 results are likely to reflect strength across fitness, marine, automotive, outdoor and aviation segments. Yet, mounting expenses might have been a concern.

Garmin (NYSE:GRMN) is scheduled to announce Q4 earnings results on Wednesday, February 16th, before market open.The consensus EPS Estimate is $1.43 (-17.3% Y/Y) and the consensus…

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