=Garmin (GRMN) reported earnings on Wed 30 Oct 19 (b/o)

Garmin beats by $0.30, beats on revs; guides FY19 EPS above consensus, revs above consensus

Reports Q3 (Sep) earnings of $1.27 per share, excluding non-recurring items, $0.30 better than the S&P Capital IQ Consensus of $0.97; revenues rose 15.4% year/year to $934.38 mln vs the $869.02 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY19, sees EPS of approx $4.15 vs. $3.96 S&P Capital IQ Consensus and vs prior guidance of approx $3.90; sees FY19 revs of approx $3.65 bln, excluding non-recurring items, vs. $3.60 bln S&P Capital IQ Consensus and prior guidance of approx $3.60 bln.