Tag Archives: First quarter earning

Garmin releases first quarter earnings

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Garmin Ltd. (NYSE: GRMN), announced results for the first quarter ended March 26, 2022. Highlights for first quarter 2022 include:• Record consolidated revenue of $1.17 billion, a 9% increase over the prior year quarter with threesegments posting double digit growth• Gross and operating margins were 56.5% and 19.5%, respectively• Operating income of $229 million, an 8% decrease compared to the ...

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