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Garmin Ltd (GRMN.OQ)

GRMN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

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

Garmin to appeal ITC initial determination
Friday, 26 May 2017 

May 26 (Reuters) - Garmin Ltd :Garmin to appeal ITC initial determination.Garmin disagrees with initial determination and will seek review by ITC, which is expected to issue a final determination in August 2017..ALJ recommends a fine in amount of $37 million.Ruling does not impact in any way Garmin products with clearvü sonar functionality, which have been on market since 2016.Administrative law judge at ITC made an initial determination in enforcement proceeding brought by navico, inc. against Garmin."even if affirmed by itc, ruling has no impact on garmin's customers or dealers".  Full Article

Garmin Co has completed acquisition of Iiyonet Inc
Friday, 30 Sep 2016 

Garmin Ltd : Co has completed acquisition of Iiyonet Inc .Terms of acquisition were not disclosed.  Full Article

Garmin International responds to investigation brought by Navico
Monday, 29 Aug 2016 

Garmin International Inc: Garmin International responds to modified order by International Trade Commission on Aug. 18, in investigation brought by Navico as against Garmin . Modified itc order did not address Garmin's new tilted downvü scanning sonar transducer design shipping since last Dec. .Status of new tilted transducer design relative to any of Navico's patents is still pending before courts, government agencies.  Full Article

Garmin Ltd - to embark on $200 mln campus expansion
Friday, 26 Aug 2016 

Garmin Ltd : To embark on $200 million campus expansion . New facilities support long-term growth initiatives .Breaking ground on a $200 million facility expansion at its Olathe, Kansas campus.  Full Article

Garmin posts Q2 earnings of $0.85/share
Wednesday, 27 Jul 2016 

Garmin Ltd: Garmin reports second quarter revenue and EPS growth; raises guidance . Q2 pro forma earnings per share $0.87 . Q2 GAAP earnings per share $0.85 . Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S . Sees FY earnings per share about $2.50 . Q2 revenue $812 million versus i/b/e/s view $763 million . Sees anticipate revenue of approximately $2.9 billion for fY . Fy2016 earnings per share view $2.29 -- Thomson Reuters I/B/E/S .Fy2016 revenue view $2.84 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Garmin Announces Tactix Charlie, A GPS Wearable That Combines Tactical Functionality With Navigation And Fitness Training

* GARMIN - ANNOUNCED TACTIX CHARLIE, A GPS WEARABLE THAT COMBINES TACTICAL FUNCTIONALITY WITH NAVIGATION AND FITNESS TRAINING Source text for Eikon: Further company coverage: