Garmin Ltd. (GRMN) Higher After Strong Results and Guidance
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Garmin Ltd. (Nasdaq: GRMN) is 6% higher in pre-open trading after reporting better-than-expected Q4 results and solid guidance. The company also announced a share buyback.
Garmin reported Q4 EPS of $1.31, ex-items, versus the consensus of $1.11. Revenues came in at $1.22 billion, versus the consensus of $1.05 billion.
Garmin sees FY08 EPS of $4.40, versus the consensus of $4.40. Sees FY sales over $4.5 billion, versus the consensus of $4.26 billion.
Garmin also announced a 5 million share buyback.
Garmin reported Q4 EPS of $1.31, ex-items, versus the consensus of $1.11. Revenues came in at $1.22 billion, versus the consensus of $1.05 billion.
Garmin sees FY08 EPS of $4.40, versus the consensus of $4.40. Sees FY sales over $4.5 billion, versus the consensus of $4.26 billion.
Garmin also announced a 5 million share buyback.
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