Garmin’s Q1 net income up 8.3% y/y to USD140.2 million
Company reaffirms full year financial outlook for 2019
Garmin’s net income increased 8.3% year-over-year (y/y) to USD140.2 million in the first quarter ended 30 March 2019, the company said in a press release on 1 May. Net sales were also up 8% y/y to USD766 million. Higher sales also helped Garmin to record 6% y/y growth in operating income to USD151.4 million.
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