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

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

Garmin Ltd (GRMN) Tops Q1 EPS by 11c

April 30, 2014 7:25 AM EDT

Garmin Ltd (NASDAQ: GRMN) reported Q1 EPS of $0.55, $0.11 better than the analyst estimate of $0.44. Revenue for the quarter came in at $583 million versus the consensus estimate of $541 million.

Outlook:

While results in first quarter exceeded our expectations, it is historically... More