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Garmin Reports Promising Second-Quarter Results

Company identifies growth of its Autoland and Autothrottle systems as highlights for the period.

A student pilot cannot legally act as a safety pilot for required instrument flight rules (IFR) practice because federal regulations prohibit them from serving as a required flight crew member. [Credit: Shutterstock]
A student pilot cannot legally act as a safety pilot for required instrument flight rules (IFR) practice because federal regulations prohibit them from serving as a required flight crew member. [Credit: Shutterstock]
Gemini Sparkle

Key Takeaways:

Garmin Ltd. (NYSE: GRMN) on Wednesday announced its second-quarter results that included an 11 percent increase in net income and a 6.5 percent rise in sales.

For the quarter that ended July 1, the company posted net income of $287.9 million, or $1.50 per diluted share, compared with $257.9 million, or $1.33 per diluted share, a year earlier. Sales rose to $1.32 billion from $1.24 billion.

Jonathan Welsh

Jonathan Welsh is Lead Editor of Aviation Consumer and a private pilot who worked as a reporter, editor and columnist with the Wall Street Journal for 21 years, mostly covering the auto industry. His passion for aviation began in childhood with balsa-wood gliders his aunt would buy for him at the corner store. Follow Jonathan on Twitter @JonathanWelsh4

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