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Garmin reports strong revenue and operating income growth for first quarter 2020

April 29, 2020

Garmin Ltd. announced results for the first quarter ended March 28, 2020. Total revenue of $856 million, a 12% increase, with fitness, marine, outdoor and aviation collectively increasing 17% over the prior year quarter. The company is withdrawing its fiscal 2020 guidance due to the rapid and unpredictable economic changes caused by the COVID-19 pandemic. Read more on Businesswire