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Garmin provides 2018 earnings guidance

Navigation and wireless devices company Garmin Ltd. on Feb. 21 released full-year 2018 guidance and financial results for the fourth quarter and full-year 2017.

The Swiss company expects a pro forma earnings per share of $3.05 for full-year 2018, lower than the S&P Capital IQ consensus normalized EPS estimate of $3.07.

For the fourth quarter of 2017, Garmin reported pro forma net income of approximately $149.79 million, or a pro forma diluted EPS of 79 cents.