Garmin rises on upbeat annual revenue forecast, Q4 beat
21/02/2024 13:44
** Shares of navigation device maker Garmin GRMN.BN rise
5.3% to $129.3 premarket
** GRMN expects 2024 revenue of about $5.75 bln, above
analysts estimates of $5.56 bln, as it expects strong growth in
its auto and fitness businesses
** Garmin reports Q4 revenue of 1.48 bln, compared with
analysts' estimates of $1.42 billion
** Posts Q4 adjusted profit of $1.72 per share, vs.
estimates of $1.40
** Up to last close, stock had fallen 4.5% YTD
(Reporting by Priyanka.G)
((Priyanka.g@thomsonreuters.com))