Garmin Ltd. (GRMN). The navigation device maker posted a lower quarterly profit as shipments fell, but raised its full-year forecast on higher margins. It forecast revenue of $2.6 billion and pro-forma earnings of $2.30-$2.40 a share. Garmin's third-quarter net income was $150.4 million, or 77 cents a share, down from $279.6 million, or $1.44 a share, a year ago.
GRMN is up 1.57 to 35.74 this morning.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment