Garmin: Q2 Earnings Insights

Shares of Garmin GRMN rose 5.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 21.55% over the past year to $0.91, which beat the estimate of $0.39.

Revenue of $869,867,000 declined by 8.90% from the same period last year, which beat the estimate of $658,820,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Garmin hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 29, 2020

Time: 10:30 AM

ET Webcast URL: https://www.garmin.com/en-US/investors/events/

Price Action

Company's 52-week high was at $105.58

Company's 52-week low was at $61.04

Price action over last quarter: Up 23.83%

Company Overview

Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.