Garmin Ltd. (GRMN) Tops Q3 EPS by 59c; Raises FY Outlook

Garmin Ltd. (NASDAQ: GRMN) reported Q3 EPS of $1.58, $0.59 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $893.58 million.

“Demand for active lifestyle products fueled strong revenue growth resulting in record revenue and profits for the quarter,” said Cliff Pemble, President and CEO of Garmin. “Interest in our products remains high as we move into the important holiday selling season, and we are prepared with a strong lineup of products that offer the innovation and uniqueness that consumers want.”

GUIDANCE:

Garmin Ltd. sees FY2020 EPS of ~$4.70, versus the consensus of $4.10. Garmin Ltd. sees FY2020 revenue of ~$4 billion, versus the consensus of $3.74 billion.

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

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