JPMorgan Upgrades Garmin Ltd. (GRMN) to Neutral

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Garmin Ltd. (GRMN) Tops Q2 EPS by 20c; Boosts FY16 EPS Outlook

July 27, 2016 7:04 AM EDT

Garmin Ltd. (NASDAQ: GRMN) reported Q2 EPS of $0.87, $0.20 better than the analyst estimate of $0.67. Revenue for the quarter came in at $812 million versus the consensus estimate of $762.98 million.

GUIDANCE:

Garmin Ltd. sees FY2016 EPS of $2.50, versus prior guidance of $2.25 and... More