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GPS And Wearable Tech Firm Garmin Raises Annual Outlook, Cites Strong Product Lineup and Market Positioning - Garmin (NYSE:GRMN)

Garmin Ltd (NYSE: GRMN) reported a third-quarter FY23 revenue growth of 12% year-on-year to $1.28 billion, beating the consensus of $1.21 billion. 

Garmin raises annual sales forecast, beats quarterly estimates

Garmin raises annual sales forecast, beats quarterly estimates
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Garmin raises holiday period sales forecast, beats quarterly estimates

Navigation equipment maker Garmin Ltd raised its annual sales forecast for the crucial holiday shopping period as strength in its auto and fitness businesses helped it beat third-quarter revenue.

Garmin Q3 revenue up 12% year-over-year as Fitness demand increases

OLATHE, Kan. (BRAIN) Garmin Ltd.’s third-quarter revenue increased 12% year-over-year buoyed by the Fitness segment’s growth across all categories.Fitness revenue including bike GPS head units and accessories, power meter pedals, and Tacx stationary trainers rose 26% year-over-year during the quarter. Company-wide consolidated revenue was $1.28 billion, compared with

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