Garmin (GRMN) reported Q1 non-GAAP earnings Wednesday of $1.61 per diluted share, up from $1.42 a year earlier.
Analysts polled by FactSet expected $1.67.
Net sales for the quarter ended March 29 were $1.54 billion, up from $1.38 billion a year earlier.
Three analysts surveyed by FactSet expected $1.52 billion.
The company reaffirmed its 2025 non-GAAP EPS estimate of $7.80, while it raised its revenue outlook to about $6.85 billion from $6.80 billion. Analysts polled by FactSet expect $7.92 and $6.84 billion, respectively.
Shares of the company were down 6.3% in recent Wednesday premarket activity.
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