Blowout earnings + BBB (big base breakout)
Garmin Ltd. designs, develops, manufactures and markets a diverse family of hand-held, portable and fixed-mount, Global Positioning System (GPS)-enabled products and other navigation, communications and information products for the general aviation and consumer markets. Garmin's GPS products utilizes its integrated circuit and receiver designs to collect, calculate and display location, direction, speed and other information in forms optimized for specific uses. The Company's products, marketed and distributed worldwide principally under the GARMIN brand. The Company operates in two business segments, Consumer and Aviation.Garmin/GRMN just now reported its eps... Reports Q4 (Dec) earnings of $0.80 per share, $0.11 better than the Reuters Estimates consensus of $0.69; revenues rose 44.5% year/year to $319.3 mln vs the $294.4 million consensus. Company issues upside guidance for FY06, sees EPS exceeding $3.19 vs. $2.94 consensus; sees FY06 revs exceeding $1.3 bln vs. $1.23 bln consensus.
And the stock...
which closed yesterday at $66.00 is now trading at $74! (In pre-opening trading activity.)
-- David M Gordon / The Deipnosophist