Garmin Ltd (GRMN.OQ)
Latest Key Developments (Source: Significant Developments)
Garmin Ltd: Garmin reports third quarter revenue and EPS growth; raises guidance . Q3 pro forma earnings per share $0.75 . Q3 GAAP earnings per share $0.66 . Q3 revenue $722 million versus I/B/E/S view $680.3 million . Q3 earnings per share view $0.54 -- Thomson Reuters I/B/E/S . Garmin sees 2016 revenue of approximately $2.95 billion . Garmin sees 2016 full year pro forma EPS will be approximately $2.65 based on gross margin of approximately 55% .Fy2016 earnings per share view $2.52, revenue view $2.91 billion -- Thomson Reuters I/B/E/S. Full Article
Garmin International Inc: Garmin International responds to modified order by International Trade Commission on Aug. 18, in investigation brought by Navico as against Garmin . Modified itc order did not address Garmin's new tilted downvü scanning sonar transducer design shipping since last Dec. .Status of new tilted transducer design relative to any of Navico's patents is still pending before courts, government agencies. Full Article
Garmin Ltd: Garmin reports second quarter revenue and EPS growth; raises guidance . Q2 pro forma earnings per share $0.87 . Q2 GAAP earnings per share $0.85 . Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S . Sees FY earnings per share about $2.50 . Q2 revenue $812 million versus i/b/e/s view $763 million . Sees anticipate revenue of approximately $2.9 billion for fY . Fy2016 earnings per share view $2.29 -- Thomson Reuters I/B/E/S .Fy2016 revenue view $2.84 billion -- Thomson Reuters I/B/E/S. Full Article
Garmin Ltd:Expects FY 2016 revenue of about $2.82 billion as growth in all non-auto segments offsets ongoing declines in the PND market.Forecasts Fy 2016 EPS of about $2.25.Says this includes about $0.05 of negative impact in 2016 due to acquisitions. Full Article
Garmin Ltd:Garmin signs purchase agreement to acquire Delorme.Says entered into an agreement to acquire substantially all of the assets of Delorme.Says financial terms of the purchase agreement and acquisition will not be released.Will retain most associates of Delorme, will continue operations at its existing location in Yarmouth after completion of deal. Full Article
(Reuters Health) – Popular fitness trackers made for swimmers are accurate enough for recreational use to track and improve performance, but not for use in training by competitive swimmers, a recent study concludes.