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Garmin Ltd Q3 adjusted earnings Beat Estimates

(RTTNews) - Garmin Ltd (GRMN) reported earnings for its third quarter that advanced from last year.

The company's bottom line totaled $184.21 million, or $0.97 per share. This compares with $151.07 million, or $0.80 per share, in last year's third quarter.

Excluding items, Garmin Ltd reported adjusted earnings of $190.50 million or $1.00 per share for the period.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $810.01 million from $751.24 million last year.

Garmin Ltd earnings at a glance:

-Earnings (Q3): $190.50 Mln. vs. $144.25 Mln. last year.
-EPS (Q3): $1.00 vs. $0.77 last year.
-Analysts Estimate: $0.76
-Revenue (Q3): $810.01 Mln vs. $751.24 Mln last year.

-Guidance:
Full year EPS guidance: $3.45
Full year revenue guidance: $3.3 Bln
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