Garmin Reports Second Quarter 2015 Results and Updated 2015 Guidance
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UPDATE: JPMorgan Cuts Garmin (GRMN) to Underweight on Decelerating Growth in Fitness
July 30, 2015 6:37 AM EDT(Updated - July 30, 2015 10:05 AM EDT)
JPMorgan downgraded Garmin Ltd. (NASDAQ: GRMN) from Neutral to Underweight with a price target of $40.00 (from $42.00). Analyst Paul Coster pointed out decelerating growth in the fitness segment, but he doesn't recommend shorting the stock.
"We are trimming estimates to reflect decelerating growth in the fitness segment, reducing our 2016 PT to $40.00, and downgrading GRMN to Underweight to reflect our view that the... More
Garmin Ltd. (GRMN) Misses Q2 EPS by 10c
July 29, 2015 7:04 AM EDTGarmin Ltd. (NASDAQ: GRMN) reported Q2 EPS of $0.72, $0.10 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $774 million versus the consensus estimate of $775.9 million.
Garmin Ltd. sees FY2015 EPS of $2.65, versus the consensus of $2.78. Garmin Ltd. sees FY2015 revenue of $2.9... More
