Garmin's (GRMN) Q4 Earnings & Sales Beat Estimates, Up Y/Y

Garmin Ltd. (GRMN) reported fourth-quarter 2023 pro-forma earnings of $1.72 per share, beating the Zacks Consensus Estimate by 22.9%. The bottom line improved 27.4% on a year-over-year basis.Net sales were $1.48 billion, which surpassed the Zacks Consensus Estimate by 5.6% and increased 13% from the year-ago quarter’s figure.The year-over-year growth in the top line was attributed to strength in the Outdoor, Fitness and Marine segments. The growing Auto OEM segment contributed well.Garmin’s strong focus on ...