Garmin Ltd. (GRMN) Tops Q2 EPS by 13c, Updates Guidance
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Garmin reports second quarter revenue and earnings growth; Raises guidance for 2018
August 1, 2018 7:00 AM EDTSCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (Nasdaq: GRMN News) today announced results for the second quarter ended June 30, 2018.
Highlights for the second quarter 2018 include:
Total revenue of $894 million, growing 8% over the prior year, with fitness, marine, aviation and outdoor collectively growing 17% over the prior year quarter and contributing 80% of total revenue Gross margin of 58.5% compared to 58.2% in the prior year quarter Operating margin of 24.3% compared to 25.2% in the prior year quarter Operating income was $218 million, growing 4% over the prior year quarter... More