Garmin Q1 Results Beat Street Forecasts

Garmin (GRMN) shares were up 1.6% in recent pre-market trade Wednesday after the GPS technology company reported Q1 earnings per share of $0.68, up from $0.52 in the year-ago quarter, and handily beating the Capital IQ consensus forecast of $0.57.

Revenue for the quarter was $710.9 million, up from $641.5 million during the same period last year, and surpassing the analyst forecast of $670.7 million.

The company said it is maintaining its 2018 guidance of pro forma EPS of $3.05 on revenue of approximately $3.2 billion. Analysts are expecting full-year EPS of $3.08 and revenue of $3.20 billion.

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