Garmin Q3 Earnings: Strong Revenue Growth Wearable Demand, Margin Expansion, Holiday Season Prompts Outlook Boost

Garmin Ltd (NYSE:GRMN) reported fiscal third-quarter 2024 revenue growth of 24% year-on-year to $1.59 billion, beating the analyst consensus estimate of $1.44 billion. 

The GPS navigation and wearable technology company's proforma EPS of $1.99 beat the analyst consensus estimate of $1.44. The stock gained after the print.

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Segments: Revenue from Fitness grew by 31% year over year to $463.89 million, led by growth in wearables.

Outdoor revenue increased by 21% year over year to $526.55 million, primarily ...