Garmin Reports Third Quarter 2015 Results and Affirms Updated Guidance

από **Santosan** Τετ 28 Οκτ 2015 - 18:50

Οικονομικά αποτελέσματα τρίτου τριμήνου 2015 από την Garmin.

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Total revenue of $680 million in the third quarter of 2015 with fitness, outdoor, aviation and marine delivering 61% of total revenue

The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by approximately $52 million, or 7%, in the third quarter of 2015

Gross and operating margins were 53% and 18.5%, respectively; gross margin was impacted by geographic revenue mix shifting toward countries with weaker currencies relative to the U.S. Dollar and lower average selling prices; operating margin was further impacted by strategic investments in R&D and advertising

Shipped approximately 3.9 million units in the quarter, a 4% increase over the year ago quarter

Pro forma EPS(1) of $0.51 for third quarter 2015

Announced new products available for the fourth quarter including fitness and wellness devices incorporating Garmin Elevate™ wrist-based heart rate technology and the babyCam™ serving a new product category

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από **Santosan** Τετ 28 Οκτ 2015 - 18:56

Q3 2015 Earnings October 28, 2015 PDF

Garmin Reports Third Quarter 2015 Results and Affirms Updated Guidance

Garmin Reports Third Quarter 2015 Results and Affirms Updated Guidance

Απ: Garmin Reports Third Quarter 2015 Results and Affirms Updated Guidance