Garmin reports record third quarter operating results; issues fiscal 2020 guidance

Schaffhausen, switzerland--(business wire)--garmin ltd. (nasdaq: grmn) today announced results for the third quarter ended september 26. highlights for third quarter 2020 include: total revenue of over $1.1 billion, a 19% year-over-year increase, led by robust growth in marine, fitness and outdoor gross margin and operating margin were 60.2% and 28.6%, respectively operating income of $317 million, increasing 21% over the prior year quarter gaap diluted eps was $1.63 and pro forma diluted eps(1
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