Garmin Reports Third Quarter Revenue and Profit Growth; Raises Guidance

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Garmin Ltd. (GRMN) PT Raised to $57 at Morgan Stanley

November 2, 2017 8:57 AM EDT

Morgan Stanley raised its price target on Garmin Ltd. (NASDAQ: GRMN) to $57.00 (from $52.00) while maintaining a Equalweight rating.

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Garmin Ltd. (GRMN) Tops Q3 EPS by 9c; Raises Outlook

November 1, 2017 7:03 AM EDT

Garmin Ltd. (NASDAQ: GRMN) reported Q3 EPS of $0.75, $0.09 better than the analyst estimate of $0.66. Revenue for the quarter came in at $743 million versus the consensus estimate of $721.56 million.

GUIDANCE:

Garmin Ltd. sees FY2017 EPS of $2.90, versus prior and consensus of... More