Garmin: Q3 Earnings Snapshot

SCHAFFHAUSEN, Switzerland (AP) — SCHAFFHAUSEN, Switzerland (AP) — Garmin Ltd. (GRMN) on Wednesday reported third-quarter earnings of $257.2 million.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had net income of $1.34. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.41 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The maker of personal navigation devices posted revenue of $1.28 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.21 billion.

Garmin expects full-year earnings to be $5.25 per share, with revenue expected to be $5.15 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRMN at https://www.zacks.com/ap/GRMN