Garmin reports second quarter revenue and earnings growth; raises guidance

       
2017 Guidance
Updated     Prior
Revenue ~$3.04 B ~$3.02 B
Operating Income ~$640 M ~$605 M
Operating Margin ~21% ~20%
Tax Rate (Pro Forma)(1) ~22% ~22%
EPS (Pro Forma)(1) ~$2.80 ~$2.65
(1) See attached table for reconciliation of non-GAAP measures including forward-looking pro forma tax rate and EPS
 
2017 Revenue Guidance

 

Updated     Prior
Outdoor 25% 10%
Aviation 10% 5%
Marine 10% 10%
Fitness -5% 5%
Auto -17% -17%
 

Webcast Information/Forward-Looking Statements:

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