Garmin Ltd. (GRMN) Tops Q4 EPS by 16c; Guides In-Line

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. TSCO

Go back to Garmin Ltd. (GRMN) Tops Q4 EPS by 16c; Guides In-Line

Garmin Reports Solid Fiscal 2016 Revenue and Operating Income Growth

February 22, 2017 7:00 AM EST

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (Nasdaq: GRMN) today announced results for the fiscal-year ended December 31, 2016.

Highlights for the fourth quarter 2016 include:

Total revenue of $861 million, growing 10% over the prior year, with outdoor, fitness, marine and aviation collectively growing 25% over the prior year quarter and contributing 74% of total revenue Gross margin improved to 54.7% compared to 52.9% in the prior year quarter Operating margin of 18.6% compared to 18.7% in the prior year quarter Operating income growth of 10%... More