Garmin shares surge as Q1 results beat estimates
01/05/2024 14:44
** Swiss navigation device maker Garmin GRMN.BN shares hit
highest since October 2021, last up 8.4% at $156.56
** Q1 revenue of $1.38 bln beat Wall Street view of $1.25
bln - LSEG data
** Quarterly pro forma EPS of $1.42 was above average
analyst estimate of $1.01
** Co reiterates FY24 forecast for revenue of $5.75 bln, pro
forma EPS of $5.40
** Nine of nine brokerages rate the stock "hold"; their
median PT is $137.41
** Including session's gains, stock has risen 21.1% YTD
(Reporting by Khushi Singh in Bengaluru)
((Khushi.Singh@thomsonreuters.com;))