Garmin beats by $0.41, beats on revs; reaffirms FY24 EPS guidance, revs guidance (144.47)
- Reports Q1 (Mar) earnings of $1.42 per share, $0.41 better than the FactSet Consensus of $1.01; revenues rose 20.4% year/year to $1.38 bln vs the $1.25 bln FactSet Consensus.
- Co reaffirms guidance for FY24, sees pro forma EPS of $5.40 vs. $5.44 FactSet Consensus; sees FY24 revs of $5.75 bln vs. $5.73 bln FactSet Consensus.
- As announced in February, the Board will recommend to the shareholders for approval at the annual meeting to be held on June 7, 2024, a cash dividend in the total amount of $3.00 per share payable in four equal quarterly installments.