Garmin Ltd Announces Retreat In Q3 Bottom Line

(RTTNews) - Garmin Ltd (GRMN) reported a profit for third quarter that declined from the same period last year.

The company's earnings totaled $259.04 million, or $1.34 per share. This compares with $313.42 million, or $1.63 per share, in last year's third quarter.

Excluding items, Garmin Ltd reported adjusted earnings of $273.16 million or $1.41 per share for the period.

The company's revenue for the quarter rose 7.2% to $1.19 billion from $1.11 billion last year.

Garmin Ltd earnings at a glance:

-Earnings (Q3): $273.16 Mln. vs. $304.00 Mln. last year. -EPS (Q3): $1.41 vs. $1.58 last year. -Revenue (Q3): $1.19 Bln vs. $1.11 Bln last year.

-Guidance: Full year EPS guidance: $5.60 Full year revenue guidance: $4.95 Bln