Garmin Ltd. (GRMN) Tops Q3 EPS by 24c; Lifts Outlook
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Garmin reports third quarter revenue and earnings growth; updates EPS guidance for 2018
October 31, 2018 7:00 AM EDTSCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (Nasdaq: GRMN News) today announced results for the third quarter ended September 29, 2018.
Highlights for the third quarter 2018 include:
Total revenue of $810 million, growing 8% over the prior year, with marine, aviation, fitness and outdoor collectively growing 16% over the prior year quarter and contributing 80% of total revenue Gross margin of 59.4% compared to 58.2% in the prior year quarter Operating margin of 24.2% compared to 23.1% in the prior year quarter Operating income was $196 million, growing 13% over the prior year quarter... More