Tag Archives: Garmin releases strong second quarter results

Garmin reports second quarter revenue

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Garmin Ltd. announced results for the second quarter ended June 27, 2020. 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, aviation, and automotive.Gross margin and operating margin were 59.3% and 21.7%, respectively.Expanded an exclusive relationship with Regulator Marine, adding Fusion® Entertainment as ...

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