11:42 AM EST, 02/19/2025 (MT Newswires) -- (Updates to add recent stock move in the headline and the first paragraph.)

Garmin ( GRMN ) shares rose more than 13% in recent Wednesday trading after the company reported Q4 results that beat market expectations.

The company reported fiscal Q4 non-GAAP earnings Wednesday of $2.41 per diluted share, up from $1.72 a year earlier.

Analysts polled by FactSet expected $2.05.

Net sales for the quarter ended Dec. 28 were $1.82 billion, up from $1.48 billion a year earlier.

Analysts surveyed by FactSet expected $1.70 billion.

For 2025, the company expects non-GAAP EPS of $7.80 and revenue of $6.80 billion. Analysts surveyed by FactSet expect earnings of $7.77 from sales of $6.72 billion.

Additionally, the company said the final quarterly dividend of $0.75 per share is payable on March 28 to stockholders of record as of March 14.

The company also said its board has proposed to increase the annual cash dividend to $3.60 per share and anticipates to pay a quarterly dividend of $0.90 per share.

Price: 243.39, Change: +28.61, Percent Change: +13.32