Garmin Ltd (GRMN)

[MCArmel1]

Garmin beats by $0.26, beats on revenue

Jul 30 2014, 07:15 ET | About: Garmin Ltd. (GRMN)

Garmin (NASDAQ:GRMN): Q2 EPS of $1.02 beats by $0.26.
Revenue of $777.8M (+11.7% Y/Y) beats by $68.55M.
Press Release


http://seekingalpha.com/news/1880175-garmin-beats-by-0_26-beats-on-revenue?app=1&uprof=45


Garmin Reports Strong Revenue & Pro Forma EPS Growth in Second Quarter 2014
Wed July 30, 2014 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the quarter ended June 28, 2014.

Highlights in the quarter include:
• Total revenue of $778 million in second quarter 2014 with fitness and aviation delivering significant growth of 79% and 11%, respectively
• Gross and operating profit margins improved from the prior year quarter to 57% and 28%, respectively
• Pro forma EPS growth of 34%; $1.02 for second quarter 2014 compared to $0.76 in the prior year
• Announced the acquisition of Fusion® Electronics, a leading supplier of integrated marine audio equipment, which was completed in third quarter 2014
• Generated $143 million of free cash flow in second quarter 2014


http://seekingalpha.com/pr/10611635-garmin-reports-strong-revenue-and-pro-forma-eps-growth-in-second-quarter-2014