Garmin/GRMN reports Q1 (Mar) earnings of $0.80 per share, $0.13 better than the Reuters Estimates consensus of $0.67; revenues rose 67.3% year/year to $322.3 million vs the $259.6 million consensus. Comany issues upside guidance for FY06, sees EPS of $3.40 vs. $3.25 consensus; sees FY06 revenues exceeding $1.4 bln vs. $1.31 bln consensus. Company also announced a 2-for-1 stock split and a post split dividend of $0.50 per share.
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And from this eensy-teensy, little base (A, indicated), Instinet indicates GRMN shares will open at ~$95! 'Regular' pre-opening trading does not commence for another ~30 minutes; until then, this is the best indication of Wall Street's current demand.
I would say, "WOW!" but then I already did. Perhaps better, "A trend in motion..." and all that.
-- David M Gordon / The Deipnosophist