Garmin Reports Fourth Quarter Year-Over-Year Growth in Revenues and Margins and Record EPS – MarketWatch

CAYMAN ISLANDS, Feb 24, 2010 (BUSINESS WIRE) — Garmin Ltd. /quotes/comstock/15*!grmn/quotes/nls/grmn (GRMN 32.25, -0.20, -0.62%) today announced strong fourth quarter results including revenue and earnings per share growth for the period ended December 26, 2009.

Fourth Quarter 2009 Financial highlights:

— Total revenue of $1.059 billion, up 1% from $1.048 billion in fourth quarter 2008 — Automotive/Mobile segment revenue decreased 2% to $812 million

— Outdoor/Fitness segment revenue increased 24% to $149 million

— Aviation segment revenue decreased 4% to $64 million

Garmin Reports Fourth Quarter Year-Over-Year Growth in Revenues and Margins and Record EPS – MarketWatch