Garmin Result 26/10/16


Garmin Ltd. reported Q3 net profits of $125.1 million, up from $119.3 million a year ago, on revenue which rose to $722.3 million from $679.7 million. For the nine months there were profits of $374.2 million, an increase from $323.8 million, on turnover of $2.2 billion, up from $2.0 billion. The company described its performance as strong, with positive customer reception of its fitness and outdoor wearables.

(Garmins are the ‘de facto’ standard GPS for bikes. However, a number of my friends have said that they like the garmin watches as they are more flexible for other activities such as running – BR)