Garmin reports strong revenue and operating income growth for first quarter 2020; withdraws fiscal 2020 guidance due to COVID-19 economic uncertainty

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Go back to Garmin reports strong revenue and operating income growth for first quarter 2020; withdraws fiscal 2020 guidance due to COVID-19 economic uncertainty

Garmin Ltd. (GRMN) Tops Q1 EPS by 7c, Withdraws FY20 Guidance

April 29, 2020 7:13 AM EDT

Garmin Ltd. (NASDAQ: GRMN) reported Q1 EPS of $0.91, $0.07 better than the analyst estimate of $0.84. Revenue for the quarter came in at $856.1 million versus the consensus estimate of $821.47 million.

2020 Guidance:

We are withdrawing our fiscal 2020 guidance due to the rapid and... More