News for Garmin
Dec 9 · 3:41:00 PM · Source: Smarttrend.com
Smarttrend.com is reporting that Barclays Capital equity research issued a note to clients Wednesday following a meeting with Garmin's management. The note concluded with this statement, "Coupled with expectations of growth in its other business lines driven largely by new product introductions, share gains, and a broader cyclical recovery, management is planning for growth on a top and bottom line basis (compared to consensus expectations of a decline)."
Garmin's stock is currently up 4% in today's trading to $31.24.
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by Rich Pike
Nov 4 · 1:11:00 PM · Source: Company News Release
Garmin Wednesday reported a third quarter a profit of $215 million, or $1.07 a share, up from $171.2 million, or 82 cents a share, a year earlier. Excluding currency fluctuations, earnings rose to $1.02 a share from 87 cents. Revenue, however, sank 10% to $781.3 million.
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by Larry Etter
Oct 29 · 7:32:00 AM · Source: Reuters
Garmin shares plunged 18 percent after its Dutch rival TomTom (TOM2.AS) warned of falling selling prices and Google (GOOG.O) made a high-profile entry into the market.
"Google's announcement today introduces new challenges for both Garmin and TomTom and makes the threat from smartphones more real than it ever was before," analyst Yair Reiner of Oppenheimer & Co told Reuters.
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by Rich Pike
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