Garmin Ltd. reported adjusted earnings rose 32 percent in the third quarter ended September 29, easily ahead of Wall Street’s target. Revenues rose 8 percent. Strong gains were seen by the Marine segment, running up 28 percent; Aviation, 17 percent; Fitness, 14 percent and Outdoor, 13 percent. Garmin lifted the company’s full-year EPS guidance.
Author: SGB Media
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