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Garmin Ltd (GRMN.OQ)

GRMN.OQ on NASDAQ Stock Exchange Global Select Market

18 Aug 2017
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$-0.03 (-0.06%)
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Wed, Aug 2 2017


Garmin beats profit estimates as outdoor device sales soar

GPS-based gadgets maker Garmin Ltd reported a better-than-expected quarterly profit, as robust demand for devices aimed at outdoor enthusiasts helped make up for flagging sales in its automobile products business.

UPDATE 3-Garmin beats profit estimates as outdoor device sales soar

* 2nd-qtr adj profit 88 cents/shr vs est 81 (Adds analyst comment)

BRIEF-Garmin Ltd Q2 EPS $0.91

* Garmin reports second quarter revenue and earnings growth; raises guidance

Garmin's quarterly profit rises 6.1 pct

Aug 2Garmin Ltd, a maker of GPS-based gadgets, reported a 6.1 percent rise in quarterly profit on Wednesday, as strong sales of its fitness products more than offset weak demand for navigation products used in automobiles.

BRIEF-Garmin acquires Alphamantis

* Majority of associates will be retained and will continue working in Montreal, Canada as part of deal Source text for Eikon: Further company coverage:

BRIEF-Garmin to appeal ITC initial determination

* Garmin disagrees with initial determination and will seek review by ITC, which is expected to issue a final determination in August 2017.

BRIEF-Garmin announces G5000H upgrade program for Sikorsky S-70 and UH-60 Black Hawk helicopters

* garmin® announces g5000h upgrade program for the sikorsky s-70 and uh-60 black hawk helicopters

BRIEF-Medtronic syncs Garmin activity tracker data directly into remote patient monitoring mobile platform

* Medtronic- Co,Garmin announce integration of Garmin wearable device data into Medtronic Care Management Services' remote patient monitoring platform Source text for Eikon: Further company coverage:

BRIEF-Garmin announces expanded feature set for Garmin pilot application on Apple, Android mobile devices

* Garmin International Inc- European IFR Autorouting, flight plan filing & more are available with latest Garmin pilot update for apple mobile devices

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