07:56 AM EDT, 10/30/2024 (MT Newswires) -- Garmin ( GRMN ) reported Q3 non-GAAP earnings Wednesday of $1.99 per diluted share, compared with $1.41 a year earlier.

Analysts surveyed by Capital IQ expected $1.44.

Net sales for the quarter ended Sept. 28 were $1.59 billion, compared with $1.28 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.44 billion.

The company said it raised its guidance for fiscal 2024 and now expects non-GAAP EPS of $6.85 on revenue of about $6.12 billion from previous guidance of non-GAAP EPS of $6 on revenue of $5.95 billion.

Analysts surveyed by Capital IQ expect full-year non-GAAP EPS of $6.08 on revenue of $5.99 billion.

Additionally, the company said it will pay the next dividend installment of $0.75 per share on Dec. 27 to shareholders of record as of Dec. 13.

Shares of Garmin ( GRMN ) were up nearly 12% in recent premarket activity.

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