Garmin Ltd. (GRMN) Tops Q4 EPS Views; Issues FY16 Revs, EPS Outlook

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Garmin Reports Q4 and Fiscal 2015 Results

February 17, 2016 7:01 AM EST

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (Nasdaq: GRMN News) today announced results for the fourth quarter ended December 26, 2015.

Highlights in the quarter include:

Total revenue of $781 million with outdoor, fitness, aviation and marine collectively growing 11% over the year ago quarter and contributing 66% of total revenue Gross and operating margins were 52.9% and 18.7%, respectively Pro forma EPS(1) of $0.74 for fourth quarter 2015 Launched our global Beat Yesterday advertising campaign, designed to highlight the intrinsic motivation that leads to self-improvement... More