May 05, 2010 at 09:12 AM EDT
Garmin Getting Crushed; Q1 Revs, EPS Badly Miss Estimates
Garmin (GRMN) shares are getting crushed in early trading on disappointing Q1 results. The maker of personal navigation devices posted revenue of $431 million and pro forma profits of 38 cents a share; the Street had been expecting $484.5 million and 42 cents. Revenue was down 1% from a year ago; [...]
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