Recap: Garmin Q3 Earnings

Recap: Garmin Q3 Earnings

Garmin GRMN reported its Q3 earnings results on Wednesday, October 26, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Garmin beat estimated earnings by 8.77%, reporting an EPS of $1.24 versus an estimate of $1.14.

Revenue was down $52.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 4.79% increase in the share price the next day.

Here's a look at Garmin's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 1.41 1.11 1.37 1.26
EPS Actual 1.44 1.11 1.55 1.41
Revenue Estimate 1.34B 1.12B 1.36B 1.15B
Revenue Actual 1.24B 1.17B 1.39B 1.19B

To track all earnings releases for Garmin visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings