GARMIN LTD reports $20.2 million Q1 profit

GARMIN LTD [GRMN] has reported fiscal Q1 profit of $20.20 million.

On a per-share basis, the V8 based company said its diluted earnings are $1.05.

The Search, Detection, Navigation, Guidance, Aeronautical & Nautical Systems firm posted revenue of $1.15 billion in this period.

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