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More on Garmin's Q3: 2012 EPS guidance range raised by $0.05 to $2.75-$2.90. Gross margin was...
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Wednesday, October 31, 2012, 9:16 AM ETMore on Garmin's Q3: 2012 EPS guidance range raised by $0.05 to $2.75-$2.90. Gross margin was 53%, down 600 bps Q/Q but up 100 bps Y/Y. Most businesses slowed down: Automotive/mobile sales flat Y/Y (+8% in Q2), Outdoor +11% (+24% in Q2), Fitness -6% (+5% in Q2), Aviation +3% (+4% in Q2), Marine -7% (-14% in Q2). Gaining share in PND market thanks to auto deals, Marine hurt by macro issues. Americas +8%, EMEA -13%, Asia-Pac (relatively small) +19%. CC at 10:30AM ET (webcast). GRMN +2.7% (PR)
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