Q4 Results Show Smartphones Are Not Killing Garmin (GRMN)
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Price: $297.44 --0%
Financial Fact:
Research and development expense: 116.45M
Today's EPS Names:
AMMX, AFIB, SYRS, More
Financial Fact:
Research and development expense: 116.45M
Today's EPS Names:
AMMX, AFIB, SYRS, More
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In opposition to the Dow Jones Industrial Average Wednesday afternoon, Garmin (Nasdaq: GRMN) shares are killing it following fourth-quarter numbers. The stock last traded at $48.56, up 8.6 percent from Tuesday's closing price.
Earnings were 96 cents per share on revs of $910 million, punching analyst estimates in the face. The Street was modeling for EPS of 66 cents and revs of $770 million, missing results by 31 percent and 15 percent, respectively.
The company said it is anticipating 2012 earnings of $2.45-$2.60 per share on sales of $2.7-$2.8 billion. Analysts on the Street currently expect Garmin to issue FY12 EPS of $2.41 on sales of $2.55 billion.
Shares of Garmin have been on a nice upswing since the end of last September, with a little hiccup for a few sessions in late November. The stock is comfortably above levels not seen since the first week of June 2008, more than 3 years ago.
Earnings were 96 cents per share on revs of $910 million, punching analyst estimates in the face. The Street was modeling for EPS of 66 cents and revs of $770 million, missing results by 31 percent and 15 percent, respectively.
The company said it is anticipating 2012 earnings of $2.45-$2.60 per share on sales of $2.7-$2.8 billion. Analysts on the Street currently expect Garmin to issue FY12 EPS of $2.41 on sales of $2.55 billion.
Shares of Garmin have been on a nice upswing since the end of last September, with a little hiccup for a few sessions in late November. The stock is comfortably above levels not seen since the first week of June 2008, more than 3 years ago.
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