Garmin Ltd (GRMN) released a profit for third quarter that retreated from last year.
The company said its earnings came in at $97.18 million, or $0.51 per share. This was down from $146.44 million, or $0.76 per share, in last year's third quarter.
Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 3.8% to $679.69 million. This was down from $706.28 million last year.
Garmin Ltd earnings at a glance:
-Earnings (Q3): $97.18 Mln. vs. $146.44 Mln. last year.
-Earnings Decline (Y-o-Y): -33.6%
-EPS (Q3): $0.51 vs. $0.76 last year.
-EPS Decline (Y-o-Y): -32.9%
-Analysts Estimate: $0.55
-Revenue (Q3): $679.69 Mln vs. $706.28 Mln last year.
-Revenue Change (Y-o-Y): -3.8%
-Guidance:
Full year EPS guidance: $2.25
Full year revenue guidance: $2.8 Bln
For comments and feedback contact: editorial@rttnews.com