Garmin Ltd (GRMN) Tops Q1 EPS by 11c

Garmin Ltd (NASDAQ: GRMN) reported Q1 EPS of $0.55, $0.11 better than the analyst estimate of $0.44. Revenue for the quarter came in at $583 million versus the consensus estimate of $541 million.

Outlook:

While results in first quarter exceeded our expectations, it is historically the seasonally weakest quarter of the year and much of the year still lies in front of us. Due to these factors, we will update guidance following second quarter as has been our past practice.

For earnings history and earnings-related data on Garmin Ltd (GRMN) click here.

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