Garmin (GRMN) develops consumer, aviation, outdoor, fitness, and marine technologies for the Global Positioning System. Garmin Ltd. is the Swiss parent company of a group of companies founded in 1989 by Gary Burrell and Min Kao. Its subsidiary Garmin International, Inc. serves as U.S. headquarters and is located in Olathe, Kansas, in the United States. The largest operating subsidiary and primary production facility of Garmin Limited is Garmin (Asia) Corporation (Chinese: 台灣國際航電股份有限公司), located in Xizhi District, Taiwan, a district of New Taipei City. Garmin was incorporated in Switzerland on February 9, 2010, as successor to Garmin Ltd., a Cayman Islands company (“Garmin Cayman”). Garmin Cayman was incorporated on July 24, 2000, as a holding company for Garmin Corporation, a Taiwanese corporation, in order to facilitate a public offering of Garmin Cayman shares in the United States. On June 27, 2010, Garmin became the ultimate parent holding company of the Garmin group of companies. As of May 2014, Garmin has sold over 126 million GPS devices.
Reported before open today (4/27/16) Earnings: EPS $0.49 Revenue $624M Estimates: EPS $0.43 Revenue $589.1M Up 3.76% today
Reported before open today (10/26/16) Earnings: EPS $0.75 Revenue $722M Estimates: EPS $0.54 Revenue $680.33M Up 0.48% today
GPS and fitness device maker Garmin ($GRMN) may also see early strength after reporting fourth quarter results that exceeded analyst estimates.
