=Garmin (GRMN) reported earnings on Wed 27 Jul 2016 (b/o)

Garmin beats by $0.18, beats on revs; raises FY16 EPS above consensus, revs above consensus :

• Reports Q2 (Jun) earnings of $0.87 per share, $0.18 better than the Capital IQ Consensus of $0.69; revenues rose 4.9% year/year to $811.6 mln vs the $763.93 mln Capital IQ Consensus.
• Co raises guidance for FY16, sees EPS of ~$2.50 vs. $2.30 Capital IQ Consensus Estimate, up from prior guidance of ~$2.25; sees FY16 revs of ~$2.9 bln vs. $2.84 bln Capital IQ Consensus Estimate, up from ~$2.82 bln prior