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Article Date: November 2017
Word Count: 125

Garmin Outdoor Waxes as Fitness Wanes

Net income in the outdoor segment jumped 38% to $67,810,000 from $49,271,000 on a 31% increase in sales to $184,937,000 against $141,006,000 for the third quarter ended Sep. 30, driven by strong wearables demand and introductions of a new dive watch and a bat swing sensor. However, the fitness division operating income fell 25% to $33,492,000 from $44,774,000 as revenues fell 12% to ... Log in to view full article.


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