Garmin Reports Strong Revenue & Pro Forma EPS Growth in Second Quarter 2014

2014 Guidance:

With strong results in the first half of 2014, we are updating our guidance and now anticipate revenues of $2.75-$2.85 billion, improved gross and operating margins and a lower pro forma effective tax rate. The result of these changes is a pro forma EPS range of $2.95 - $3.05. Our guidance anticipates promotional pricing for the holiday season, as well as higher spending in marketing and advertising to support new product categories resulting in margins that are lower than what we have experienced in the first half of the year.

               
2014 Update Prior
Revenue $2.75 - $2.85 B $2.6 - $2.7 B
Gross Margin ~56% 54 – 55%
Operating Income $650 - $675 M $530 - $565 M
Operating Margin ~24% ~21%
Tax Rate (Pro Forma) ~15% 17%
EPS (Pro Forma) $2.95 - $3.05 $2.50 - $2.60
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article

Harris

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
GIS Cloud Workshop In Syracuse, New York at Syracuse NY - Aug 22, 2017
ENVI Analytics Symposium 2017 at The Brown Palace Hotel & Spa Denver Colorado - Aug 22 - 24, 2017
GeoSmart Asia 2017 at Putrajaya International Convention Centre (PICC) Putrajaya Malaysia - Aug 22 - 24, 2017
GENEQ
Teledyne Optech
University of Denver GIS Masters Degree Online
Teledyne:
InterDrone2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy