Garmin misses by $0.02, misses on revs; reaffirms FY15 EPS guidance, revs guidance
Reports Q1 (Mar) earnings of $0.55 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.57; revenues rose 0.3% year/year to $585 mln vs the $606.17 mln consensus, with fitness, outdoor, aviation and marine delivering 63% of total revenue and collectively growing 9% over the year ago quarter The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by ~$38 million, or 7%, in the first quarter of 2015.
Co reaffirms guidance for FY15, sees EPS of ~$3.10, excluding non-recurring items, vs. $3.10 Capital IQ Consensus Estimate; sees FY15 revs of ~$2.9 bln vs. $2.88 bln Capital IQ Consensus Estimate.
Co reaffirms guidance for FY15, sees EPS of ~$3.10, excluding non-recurring items, vs. $3.10 Capital IQ Consensus Estimate; sees FY15 revs of ~$2.9 bln vs. $2.88 bln Capital IQ Consensus Estimate.