UPDATE: JPMorgan Cuts Garmin (GRMN) to Underweight on Decelerating Growth in Fitness

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/25/2026

1. DECK
2. RNG
3. WDC
4. BMY
5. BYD
6. WCN
7. SPOT
8. SPY
9. FIX
10. NDAQ

Go back to UPDATE: JPMorgan Cuts Garmin (GRMN) to Underweight on Decelerating Growth in Fitness

Garmin Reports Second Quarter 2015 Results and Updated 2015 Guidance

July 29, 2015 7:00 AM EDT

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (NASDAQ: GRMN) today announced results for the quarter ended June 27, 2015.

Summary items for the quarter include:

Total revenue of $774 million in the second quarter of 2015 with fitness, outdoor, aviation and marine delivering 61% of total revenue and collectively growing 11% over the year ago quarter The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by approximately $59 million, or 8%, in the second quarter of 2015 Gross and operating margins were 54% and 22%, respectively, and were... More