Garmin (GRMN) Q2 Earnings Beat Estimates, Sales Rise Y/Y

Garmin Ltd. (GRMN) has reported second-quarter 2024 pro-forma earnings of $1.58 per share, beating the Zacks Consensus Estimate by 12.9%. The bottom line improved 9% on a year-over-year basis. Net sales were$ 1.51 billion, which surpassed the Zacks Consensus Estimate of $1.44 billion. The figure increased 14% from the year-ago quarter. Year-over-year growth in the top line was attributed to the solid momentum in the Fitness, Marine and Auto OEM segments. Shares of Garmin have gained 37% year to date, outper ...