This morning GRMN reported earnings. I have closed my long position in GRMN for a gain this morning in pre-market. which I initiated a few weeks back, and spoke about in a Post. They upsided the Q2 consensus Revenue estimate by 6.4%, and upsided the Q2 EPS consensus estimate by 12%.
The Company also adusted full year EPS guidance from $5.75 to $5.95, and adjusted full year Revenue guidance to $5.95 Bln vs. current consensus of $5.88 Bln.
Note that GRMN does not provide quarterly estimates. The earnings conference call is at 10:30AM today, July 31, 2024.
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