OLATHE (dpa-AFX) - Garmin Ltd (GRMN) revealed earnings for its second quarter that increased compared to the same period last year.
The company said its bottom line totaled $165.60 million, or $0.87 per share. This was higher than $138.14 million, or $0.72 per share, in last year's second quarter.
Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 4.9% to $811.61 million. This was up from $773.83 million last year.
Garmin Ltd earnings at a glance:
-Earnings (Q2): $165.60 Mln. vs. $138.14 Mln. last year. -Earnings Growth (Y-o-Y): 19.9% -EPS (Q2): $0.87 vs. $0.72 last year. -EPS Growth (Y-o-Y): 20.8% -Analysts Estimate: $0.67 -Revenue (Q2): $811.61 Mln vs. $773.83 Mln last year. -Revenue Change (Y-o-Y): 4.9%
-Guidance: Full year EPS guidance: $2.50 Full year revenue guidance: $2.9 Bln
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