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Garmin's (GRMN) Q3 Earnings and Revenues Beat Estimates
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Garmin, Ltd. (GRMN - Free Report) is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.
Garmin is currently riding high on product line expansion. Recently, the company launched GPS golf watch - Approach S60, marine wearable - quatix 5, 360-degree camera - VIRB 360 and announced new offerings in its Foretrex and Rino portfolio.
Management focuses on continued innovation, diversification and market expansion to explore growth opportunities in all business segments.
Due to this, investors are eagerly awaiting Garmin’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Over the past month, the stock has witnessed no estimate revisions for the third quarter 2017.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: GRMN reported earnings of 75 cents per share which exceeded The Zacks Consensus Estimate of 66 cents per share.
Revenue: Garmin beats on revenues. It posted revenues of $743 million, compared to our consensus estimate of $718 million.
Key Stats: The company’s top-line performance was mainly driven by its fitness, outdoor, marine and aviation products.
Check back later for our full write up on this GRMN earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Garmin's (GRMN) Q3 Earnings and Revenues Beat Estimates
Garmin, Ltd. (GRMN - Free Report) is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.
Garmin is currently riding high on product line expansion. Recently, the company launched GPS golf watch - Approach S60, marine wearable - quatix 5, 360-degree camera - VIRB 360 and announced new offerings in its Foretrex and Rino portfolio.
Management focuses on continued innovation, diversification and market expansion to explore growth opportunities in all business segments.
Garmin Ltd. Price
Garmin Ltd. Price | Garmin Ltd. Quote
Due to this, investors are eagerly awaiting Garmin’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Over the past month, the stock has witnessed no estimate revisions for the third quarter 2017.
Currently, Garmin has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: GRMN reported earnings of 75 cents per share which exceeded The Zacks Consensus Estimate of 66 cents per share.
Revenue: Garmin beats on revenues. It posted revenues of $743 million, compared to our consensus estimate of $718 million.
Key Stats: The company’s top-line performance was mainly driven by its fitness, outdoor, marine and aviation products.
Check back later for our full write up on this GRMN earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>