Garmin Ltd. reports results for the quarter ended September 30 - Earnings Summary

• Garmin Ltd. reported quarterly adjusted earnings of $2.76​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.99. The mean expectation of seven analysts for the quarter was for earnings of $2.40 per share. Wall Street expected results to range from $2.28 to $2.54 per share.

• Revenue rose 12.2% to $1.99 billion from a year ago; analysts expected $1.99 billion.

• Garmin Ltd.'s reported EPS for the quarter was $2.80​.

• The company reported quarterly net income of $541.66 million.

• Garmin Ltd. shares had risen by 0.9% this quarter and gained 42.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is "buy."

This summary was machine generated from LSEG data October 28 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)