Garmin (GRMN) on Watch as Peer TomTom Swings to Q2 GAAP Profit
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Price: $35.12 -0.65%
EPS Growth %: -11.1%
Financial Fact:
Operating income: 79.93M
Today's EPS Names:
ANF, DXLG, FL, More
EPS Growth %: -11.1%
Financial Fact:
Operating income: 79.93M
Today's EPS Names:
ANF, DXLG, FL, More
Trade GRMN Now!
Investors are keeping an eye on Garmin Ltd. (Nasdaq: GRMN) Tuesday, following issuance of second-quarter 2012 results from peer TomTom.
TomTom reported a 16.6 percent drop in revenue to €262 million. Despite the drop in sales, TomTom swung to profit of €0.04 per share, from a loss of €0.20 per share in the same period last year. Adjusting for certain one-time items and EPS slumped from €0.10 down to €0.09.
Despite the year-over-year drop, net income was up 118 percent from EPS of €0.04 reported in the first-quarter 2012.
Garmin shares are indicated for a higher open Tuesday.
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TomTom reported a 16.6 percent drop in revenue to €262 million. Despite the drop in sales, TomTom swung to profit of €0.04 per share, from a loss of €0.20 per share in the same period last year. Adjusting for certain one-time items and EPS slumped from €0.10 down to €0.09.
Despite the year-over-year drop, net income was up 118 percent from EPS of €0.04 reported in the first-quarter 2012.
Garmin shares are indicated for a higher open Tuesday.
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