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Garmin Ltd (GRMN.OQ)

GRMN.OQ on NASDAQ Stock Exchange Global Select Market

83.58USD
22 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Garmin Selected As Tier 1 Partner To Design And Manufacture Vehicle Infotainment Modules For BMW Group
Monday, 4 Mar 2019 

March 4 (Reuters) - Garmin Ltd ::GARMIN LTD - GARMIN AUTOMOTIVE OEM GROUP HAS BEEN SELECTED AS LEAD DESIGN AND PRODUCTION PARTNER OF INFOTAINMENT MODULES FOR BMW GROUP.GARMIN LTD - MODULES WILL BE MANUFACTURED IN GARMIN'S AUTO OEM-QUALIFIED PRODUCTION FACILITIES IN UNITED STATES AND EUROPE.GARMIN LTD - WILL ESTABLISH A NEW MANUFACTURING FACILITY IN EUROPE TO SUPPORT VEHICLE INFOTAINMENT MODULES PROJECT.  Full Article

Garmin Q4 GAAP EPS $1.00
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Garmin Ltd ::GARMIN REPORTS FISCAL YEAR 2018 REVENUE AND STRONG OPERATING INCOME GROWTH; PROPOSES DIVIDEND INCREASE.QTRLY TOTAL REVENUE OF $932 MILLION, A 4% INCREASE.GAAP EPS WAS $1.00 AND PRO FORMA EPS WAS $1.02 FOR Q4 2018.Q4 EARNINGS PER SHARE VIEW $0.80, REVENUE VIEW $891.3 MILLION -- REFINITIV IBES DATA.QTRLY GROSS MARGIN IMPROVED TO 58.9% COMPARED TO 56.1% IN PRIOR YEAR QUARTER.QTRLY OPERATING MARGIN IMPROVED TO 23.9% COMPARED TO 20.4% IN PRIOR YEAR QUARTER.EXPECT 2019 REVENUE OF APPROXIMATELY $3.5 BILLION.CURRENTLY EXPECT 2019 EPS WILL BE APPROXIMATELY $3.70 BASED UPON IMPROVED GROSS MARGIN OF APPROXIMATELY 59.5%.SEES 2019 OPERATING MARGIN OF APPROXIMATELY 22.7%.FY2019 EARNINGS PER SHARE VIEW $3.52, REVENUE VIEW $3.43 BILLION -- REFINITIV IBES DATA.TO RECOMMEND TO SHAREHOLDERS FOR APPROVAL AT ANNUAL MEETING , ANNUAL CASH DIVIDEND IN AMOUNT OF $2.28 PER SHARE.  Full Article

Garmin Collaborates With Daimler To Bring Connected Features To Mercedes-Benz Vehicles With Vívoactive 3 Gps Smartwatch
Tuesday, 8 Jan 2019 

Jan 7 (Reuters) - GARMIN ::GARMIN COLLABORATES WITH DAIMLER TO BRING CONNECTED FEATURES TO MERCEDES-BENZ VEHICLES WITH VÍVOACTIVE 3 GPS SMARTWATCH.  Full Article

Garmin Reports Q3 GAAP Earnings Per Share $0.97
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Garmin Ltd ::GARMIN REPORTS THIRD QUARTER REVENUE AND EARNINGS GROWTH; UPDATES EPS GUIDANCE FOR 2018.Q3 PRO FORMA EARNINGS PER SHARE $1.00.Q3 GAAP EARNINGS PER SHARE $0.97.Q3 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.Q3 REVENUE $810 MILLION VERSUS I/B/E/S VIEW $782.6 MILLION.SEES FY REVENUE ABOUT $3.3 BILLION.RAISING FULL YEAR OPERATING MARGIN TO ABOUT 22.0 PERCENT.SEES 2018 PRO FORMA EPS ABOUT $3.45.ANTICIPATE Q4 REVENUE TO BE RELATIVELY FLAT YEAR-OVER-YEAR.INCREASED 2018 GUIDANCE TO REFLECT "STRONG Q3 PERFORMANCE".  Full Article

Garmin-Owned Navigation Unit Exposed Thousands Of Boat Owners’ Data - TechCrunch
Monday, 8 Oct 2018 

Oct 8 (Reuters) - :GARMIN-OWNED NAVIGATION UNIT EXPOSED THOUSANDS OF BOAT OWNERS' DATA - TECHCRUNCH.ELECTRONIC NAVIGATIONAL CHART MAKER NAVIONICS, OWNED BY GARMIN, HAS SECURED EXPOSED DATABASE CONTAINING HUNDREDS OF THOUSANDS OF CUSTOMER RECORDS - TECHCRUNCH.  Full Article

Garmin (Europe) Limited Wins Optical Heart Rate IP Dispute
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Garmin (Europe) Limited::GARMIN WINS OPTICAL HEART RATE IP DISPUTE.GARMIN (EUROPE) LIMITED SAYS HAS PREVAILED IN INTELLECTUAL PROPERTY DISPUTE REGARDING GARMIN'S ELEVATE WRIST-BASED HEART RATE MONITORING TECHNOLOGY.GARMIN (EUROPE) LIMITED - COURT RULED THAT GARMIN'S TECHNOLOGY DID NOT INFRINGE 2 REGISTERED COMMUNITY DESIGNS OWNED BY PULSEON OY ANYWHERE IN EU.GARMIN (EUROPE) LIMITED - ‍PULSEON HAS NOT YET SOUGHT PERMISSION TO APPEAL​.  Full Article

Garmin announces integration with UnitedHealthcare Motion wellness program
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Garmin Ltd :Garmin announces integration with UnitedHealthcare motion wellness program, enabling eligible plan participants to earn more than $1,000 in annual rewards.  Full Article

Garmin reports qtrly ‍GAAP EPS was $0.78​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Garmin Ltd :Garmin reports third quarter revenue and profit growth; raises guidance.Garmin Ltd - Qtrly ‍total revenue of $743 million, growing 3% over prior year​.Garmin Ltd qtrly ‍GAAP EPS was $0.78​.Garmin Ltd - Qtrly ‍pro forma EPS was $0.75​.Garmin Ltd - Expects full year 2017 pro forma EPS will be about $2.90 based on gross margin of about 57.5%​.Q3 earnings per share view $0.66, revenue view $721.2 million -- Thomson Reuters I/B/E/S.Garmin Ltd - ‍Anticipate revenue of approximately $3.07 billion​ for 2017.  Full Article

Garmin acquires Navionics
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Garmin Ltd ::Garmin® acquires Navionics®.Says ‍financial terms of acquisition will not be released.Says has acquired Navionics S.p.A.​.  Full Article

Garmin International says Federal circuit ruled 2 of Navico's patents were invalid
Tuesday, 13 Jun 2017 

June 13 (Reuters) - Garmin International::Garmin International says Federal circuit ruled 2 of Navico's patents were invalid and Garmin's DownVü sonar does not infringe a third Navico patent.Garmin international- Court of appeals for Federal circuit reversed Dec 2015 finding by it that Garmin infringed Navico patents related to downscan sonar.Garmin international - Garmin is now free to import and sell any and all sonar products.  Full Article

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Garmin shares surge 15 percent as new direction fuels strong forecast

Garmin Ltd on Wednesday forecast full-year revenue and profit above expectations along with strong fourth-quarter results, sending its shares up 15 percent to their highest in more than a decade.