Wearable product maker Garmin surges on annual forecast raise
30/10/2024 15:44
** U.S.-listed shares of Garmin GRMN.BN up 21.50% at
$202.01
** Co raises fiscal year 2024 revenue forecast to about
$6.12 bln from prior expectations of about $5.95 bln
** Lifts annual pro forma earnings per share outlook to
$6.85 vs. previous forecast of $6.00
** Posts 24% rise in Q3 revenue to $1.59 billion, above
analysts' estimates of $1.44 billion
** Including session gains, stock up 59.7% YTD
(Reporting by Subiksha S in Bangalore)
((Subiksha.S@thomsonreuters.com))