Garmin Ltd (GRMN) Tops Q1 EPS by 11c

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Garmin (GRMN) Estimates Raised at Needham & Company Amid 'Strong' Q1; 'Hold' on Valuation

May 1, 2014 1:44 PM EDT

Needham & Company analyst Richard Valera commented on Garmin Ltd. (NASDAQ: GRMN) following 'strong' Q1 results aided by strong vivofit. However, the fimr is maintained a Hold rating on valuation.

Valera commented, "GRMN reported strong 1Q14 results, with upside in most product categories,... More