GRMN up 10% and TRMB is down 4%. Trmb has also had a nice run in the last few months. Is there anyone with comments on either?
Garmin Ltd. (NasdaqNM:GRMN - News) - Cayman Islands
1st Quar March 29:
2003 2002
Sales $123,788,000 $100,856,000
Net income 41,494,000 26,761,000
Avg shrs (diluted) 108,693,000 108,137,000
Shr earns
Net income .38 .25
Garmin Ltd.'s first-quarter earnings per share rose to 39 cents from 25 cents a year ago, excluding foreign-exchange losses. The figure beat the company's February guidance of 29 cents to 32 cents a share
Garmin expects its second-quarter earnings before foreign exchange effects to increase to between 40 cents and 43 cents a share from 36 cents a share a year ago. Wall Street expects the company to earn 40 cents a share for the period.
The company expects second-quarter revenue of $138 million to $143 million, as overall demand for its products continues to expand. Wall Street expects Garmin's sales to increase to $140.4 million from $122.8 million a year earlier.
For the year, Garmin raised its estimate for earnings before foreign exchange to between $1.54 and $1.60 a share from the prior range of $1.45 to $1.54 a share. Wall Street expects the company's 2003 earnings per share to increase to $1.50 from $1.32 a year ago.
Garmin reaffirmed its revenue guidance of $515 million to $540 million for the year. First Call yielded a mean outlook of $530 million for Garmin, which generated $465.1 million in 2002. |
