Financial reporting

Garmin operating income dips in Q4, eyes $5 billion in FY23 sales

By 2023-02-23T15:49:00

Garmin

Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...

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