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Garmin: Q1 Earnings Snapshot

SCHAFFHAUSEN, Switzerland (AP) — SCHAFFHAUSEN, Switzerland (AP) — Garmin Ltd. (GRMN) on Wednesday reported first-quarter earnings of $405.1 million.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had net income of $2.09. Earnings, adjusted for non-recurring gains, were $2.08 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.

The maker of personal navigation devices posted revenue of $1.75 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.72 billion.

Garmin expects full-year earnings to be $9.35 per share, with revenue expected to be $7.9 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRMN at https://www.zacks.com/ap/GRMN

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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