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Needham & Company Remains Sidelined Following Garmin's (GRMN) Exceptional Quarter and 'Tepid' Guide

February 17, 2016 3:31 PM EST

Needham & Company reiterated a Hold rating on Garmin Ltd. (NASDAQ: GRMN) following the company's 4Q earnings report. Garmin reported 4Q15 revenue of $781MM that solidly exceeded consensus of $759MM. NG EPS of $0.74 also sharply exceeded consensus on better than expected GMs in most segments. Aviation and... More