Garmin Ltd. (GRMN). The George Town-based provider of provider of navigation, communications and information devices today said fourth-quarter net income rose to $307.3 million, or $1.39 a share, from $180.3 million, or 82 cents a share, in the same quarter a year earlier.
Revenue rose to $1.22 billion from $611 million a year ago, with North American sales seeing the largest percentage jump year-over-year. For 2008, the company expects earnings to exceed $4.40 a share with revenue expected to top $4.5 billion.
The stock is up 6 points to $72.50 premarket. It is still way down off its 52-week high of $125 hit in late October.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment