OLATHE (dpa-AFX) - Garmin Ltd (GRMN) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $400.82 million, or $2.07 per share. This compares with $300.63 million, or $1.56 per share, last year.
Excluding items, Garmin Ltd reported adjusted earnings of $420.45 million or $2.17 per share for the period.
Analysts on average had expected the company to earn $1.9 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 19.9% to $1.81 billion from $1.51 billion last year.
Garmin Ltd earnings at a glance (GAAP) :
-Earnings: $400.82 Mln. vs. $300.63 Mln. last year. -EPS: $2.07 vs. $1.56 last year. -Revenue: $1.81 Bln vs. $1.51 Bln last year.
-Guidance: Full year EPS guidance: $8.00 Full year revenue guidance: $7.1 Bln
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