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Garmin Reports Second Quarter Revenue and Earnings Growth; Raises Guidance for 2018

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Garmin Reports Second Quarter Revenue and Earnings Growth; Raises Guidance for 2018

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  • Garmin Reports Second Quarter Revenue and Earnings Growth; Raises Guidance for 2018

    Garmin Reports Second Quarter Revenue and Earnings Growth; Raises Guidance for 2018

    Schaffhausen, August 2, 2018 – Garmin Ltd. announced results for the second quarter ended June 30:
    Highlights for the second quarter 2018 inlcude:
    Total revenue of $894 million, growing 8% over the prior year, with fitness, marine, aviation and outdoor collectively growing 17% over the prior year quarter and contributing 80% of total revenue Gross margin of 58.5% compared to 58.2% i