Garmin (GRMN) gains 8.3% after reporting Q3 revenue of $667M (-4% Y/Y) and EPS of $0.71,...

|About: Garmin Ltd. (GRMN)|By:, SA News Editor

Garmin (GRMN) gains 8.3% after reporting Q3 revenue of $667M (-4% Y/Y) and EPS of $0.71, trouncing consensus by $48.9M and $0.21. Strong sales of the company's fitness and aviation products partly offset continued weakness in its automotive and handheld products. Garmin now expects 2011 revenue of $2.6B and EPS of $2.30-$2.40, above a consensus of $2.56B and $2.08.