Garmin Ltd. (NASDAQ: GRMN) posted earnings above plan at $1.31 EPS versus First Call consensus of $1.11, while revenues were $1.22 Billion versus the $1.05 Billion consensus estimate.
Despite the concerns that GPS systems are slowing, Garmin issued a slight upside in guidance for fiscal 2008 with its earnings put above $4.40 EPS versus $4.40 consensus estimates and it sees revenues exceeding $4.5 Billion versus $4.26 Billion consensus.
Garmin has also announces that its board of directors approved a 5 million shares buyback plan.
As of last look, there were more than 10.68 million shares listed as being in the short interest. Shares are indicated up nearly 7% at $74.25 in pre-market trading, and the 52-week trading range is $50.01 to $125.68.
Jon C. Ogg
February 20, 2008
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.