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GRMN Market Currents
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May 2 More on Garmin's (GRMN +3.4%) Q1: Roughly half of all sales came from divisions other than Automotive/Mobile, which has long been pressured by the impact of smartphone usage. Auto/Mobile rose 6% Y/Y, though Garmin doesn't expect growth to continue given industry trends. Fitness +26% Y/Y (14% of total), Outdoor +16% (15% of total). Gross margin rose 300 bps Q/Q to 51%, free cash flow was $116M. (PR)
Comment![Tech, Earnings, On the Move]
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at MarketWatch.com (May 2, 2012)
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at CNBC.com (May 2, 2012)
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at MarketWatch.com (May 1, 2012)
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at CNBC.com (May 1, 2012)
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at CNBC.com (Apr 27, 2012)
GRMN Press Releases and Filings
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Business Wire (May 2, 2012)
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Business Wire (May 2, 2012)
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Business Wire (Apr 18, 2012)
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Business Wire (Jan 23, 2012)
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Business Wire (Jan 9, 2012)
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Wed, May 2
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Company Description
Garmin has four business segments: Marine, Automotive/Mobile, Outdoor/Fitness, and Aviation.
Garmin was incorporated in the Cayman Islands on July 24, 2000 as a holding company for Garmin Corporation, a Taiwan corporation, in order to facilitate a public offering of Garmin shares in the... More
