Garmin Ltd. (GRMN) Tops Q4 EPS by 4c, FY Guidance Tops Views; to Raise Dividend
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Garmin Reports Solid Fiscal 2017 Revenue and Operating Income Growth; Proposes Dividend Increase
February 21, 2018 7:00 AM ESTSCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (Nasdaq: GRMN) today announced results for the fourth quarter and fiscal year ended December 30, 2017.
Highlights for the fourth quarter 2017 include:
Total revenue of $888 million, growing 3% over the prior year quarter, with outdoor, fitness, marine and aviation collectively growing 9% over the prior year quarter and contributing 78% of total revenue Gross margin improved to 56.2% compared to 54.7% in the prior year quarter Operating margin improved to 20.2% compared to 18.6% in the prior year quarter Operating... More