Garmin Ltd. (GRMN) Poised for Strong Position in Navigation, Wearables & Avionics with $200M Expansion Plans
Garmin (NASDAQ: GRMN), which handsomely outperformed analyst estimates by nearly 30 percent with Q2 EPS of $0.87 in July (6.4 percent higher revenues than the consensus), has evolved into one of the most compelling homegrown success stories of the modern age. Able to strike hard and fast across a slew of global markets with an impressive portfolio of GPS-enabled navigation and VHF (very high frequency) solutions, the Kansas-based device maker is known for its navigation products, is a veritable institution in the Kansas City metro area, and has also become a major player in the nearly $29 billion wearables space.…