Google

The Deipnosophist

Where the science of investing becomes an art of living

My Photo
Name:
Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

22 February 2006

Blowout earnings + BBB (big base breakout)

... that would be Garmin/GRMN.
Garmin Ltd. designs, develops, manufactures and markets a diverse family of hand-held, portable and fixed-mount, Global Positioning System (GPS)-enabled products and other navigation, communications and information products for the general aviation and consumer markets. Garmin's GPS products utilizes its integrated circuit and receiver designs to collect, calculate and display location, direction, speed and other information in forms optimized for specific uses. The Company's products, marketed and distributed worldwide principally under the GARMIN brand. The Company operates in two business segments, Consumer and Aviation.
Garmin/GRMN just now reported its eps... Reports Q4 (Dec) earnings of $0.80 per share, $0.11 better than the Reuters Estimates consensus of $0.69; revenues rose 44.5% year/year to $319.3 mln vs the $294.4 million consensus. Company issues upside guidance for FY06, sees EPS exceeding $3.19 vs. $2.94 consensus; sees FY06 revs exceeding $1.3 bln vs. $1.23 bln consensus.

And the stock...

which closed yesterday at $66.00 is now trading at $74! (In pre-opening trading activity.)

-- David M Gordon / The Deipnosophist

who's online