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20 02 2008

Garmin (GRMN) earnings

Posted by: Lisa in GRMN

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.

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This entry was posted on Wednesday, February 20th, 2008 at 12:21 pm and is filed under GRMN. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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