Garmin Ltd. (GRMN) Tops Q1 EPS by 2c; Maintains Outlook
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Garmin reports first quarter revenue and profit growth
May 1, 2019 7:00 AM EDTSCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)-- Garmin Ltd. (Nasdaq: GRMN) today announced results for the first quarter ended March 30, 2019.
Highlights for the first quarter 2019 include:
Record first quarter revenue of $766 million, an 8% increase, with marine, aviation, fitness and outdoor collectively increasing 12% over the prior year quarter Gross margin of 59.0% compared to 60.0% in the prior year quarter Operating margin of 19.8% compared to 20.0% in the prior year quarter Operating income of $151 million, increasing 6% over the prior year quarter... More