Garmin Ltd. (GRMN) Reports In-Line Q1 EPS; Maintains FY Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- SanDisk stock rallies on AI optimism and Fed relief
Garmin announces first quarter 2022 results
April 27, 2022 7:00 AM EDTCompany reports record first quarter revenue and announces share repurchase plan
SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin® Ltd. (NYSE: GRMN) today announced results for the first quarter ended March 26, 2022.
Highlights for first quarter 2022 include:
Record consolidated revenue of $1.17 billion, a 9% increase over the prior year quarter with three segments posting double digit growth Gross and operating margins were 56.5% and 19.5%, respectively Operating income of $229 million, an 8% decrease compared to the prior year quarter GAAP EPS was $1.09 and pro forma... More