Garmin® reports strong second quarter 2020 revenue and income during the COVID-19 pandemic

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Go back to Garmin® reports strong second quarter 2020 revenue and income during the COVID-19 pandemic

Garmin Ltd. (GRMN) Tops Q2 EPS by 52c, Revenues Beat

July 29, 2020 7:07 AM EDT

Garmin Ltd. (NASDAQ: GRMN) reported Q2 EPS of $0.91, $0.52 better than the analyst estimate of $0.39. Revenue for the quarter came in at $870 million versus the consensus estimate of $658.82 million.

Highlights for second quarter 2020 include:

Total revenue of $870 million, a 9% year-over-year decrease, as strength in fitness and marine partially offset declines in outdoor,... More