Garmin Ltd (GRMN)

[MCArmel1]

Garmin beats by $0.05, beats on revenue

Oct 29 2014, 07:02 ET | About: Garmin Ltd. (GRMN) | By: Jignesh Mehta, SA News Editor

Garmin (NASDAQ:GRMN): Q3 EPS of $0.76 beats by $0.05.
Revenue of $706.3M (+9.7% Y/Y) beats by $28.95M.
Press Release

http://seekingalpha.com/news/2069225-garmin-beats-by-0_05-beats-on-revenue?uprof=45#email_link


Garmin Reports Strong Revenue & Pro Forma EPS Growth in Third Quarter 2014
Wed October 29, 2014 7:00 AM|Business Wire | About: GRMN

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (GRMN) today announced results for the quarter ended September 27, 2014.

Highlights in the quarter include:
• Total revenue increased 10% to $706 million in third quarter 2014 with double digit growth in four of five reporting segments
• Gross and operating profit margins increased from the prior year quarter to 56% and 25%, respectively
• Operating income growth of $24 million, or 16%, to $176 million
• Executed the inter-company restructuring as announced in July 2014 resulting in additional tax expense of $308 million in the third quarter and contributing to a GAAP net loss per share of $0.76
• Pro forma EPS (1) growth of 10%; $0.76 for third quarter 2014 compared to $0.69 in the prior year
• Generated $202 million of free cash flow(1) in third quarter 2014

More...

http://seekingalpha.com/pr/11477305-garmin-reports-strong-revenue-and-pro-forma-eps-growth-in-third-quarter-2014