Garmin Reports Second Quarter Revenue and Earnings Growth; Raises Guidance for 2018
Schaffhausen, August 2, 2018 – Garmin Ltd. announced results for the second quarter ended June 30:
Highlights for the second quarter 2018 inlcude:
Total revenue of $894 million, growing 8% over the prior year, with fitness, marine, aviation and outdoor collectively growing 17% over the prior year quarter and contributing 80% of total revenue
Gross margin of 58.5% compared to 58.