Movement Alert｜Garmin Intraday Rise 3.03% in Regular Trading, Q3 Earnings Beat and Higher Full-Year Outlook Continue to Support Sentiment

Market Focus10-29

On October 29, Garmin rose 3.03% in Regular Trading, trading at $280.76 per share, with turnover of $75.81 million.

The move followed continued market digestion of Garmin's latest quarterly results and raised full-year guidance, while a newly increased price target from JPMorgan added support.

Garmin reported fiscal third-quarter non-GAAP EPS of $2.76, above market expectations near $2.40 to $2.41, while revenue rose to about $1.99 billion from $1.77 billion a year earlier and was roughly in line with consensus. The company also lifted its full-year outlook, guiding non-GAAP EPS to $10.80 from $10.00 previously and revenue to $8.15 billion from $8.05 billion, both above prevailing analyst expectations. On October 29, JPMorgan raised its price target on Garmin to $310 from $295. Together, these updates help explain the stock's Intraday Rise.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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