Feb

20

Garmin (GRMN) earnings

By Chuck · 12:21 p.m. Feb. 20, 2008 ·  Print This Post · Stumble it!

Garmin reported Q4 EPS of $1.39 v $1.10 estimate, revenue of $1.22Bv $1.04 estimate.  That’s all good news. Shares were trading up for the first couple hours, but suddenly took a nosedive.  Why?  Because on the conference call they stated they see increasing competition in 2008.  That could cut into their growth and some investors bailed on that news.