Garmin Q4 Earnings Call Highlights

Geographically, the Americas grew 21% and exceeded $1 billion in quarterly revenue for the first time, while EMEA grew 14% and APAC grew 8%.Chief Financial Officer Doug Boessen added that fourth-quarter GAAP EPS was $2.73 and noted operating expenses increased about $80 million, or 14%, driven by higher research and development (personnel-related) and increased SG&A from advertising and personnel-related expenses. By segment in the quarter, Garmin posted double-digit growth in three of five segments, led by ...