Market Overview

UPDATE: Garmin Posts Downbeat Q4 Profit

Related GRMN
GoPro Faces Competition, Potential Short Squeeze Amid Lock-Up Expiration
Garmin Chooses Red Bend Software for Automatic Over-the-Air Map and Software Updates
Fitness Bands, Dog Collars Propel Garmin to 1Q Beat (Fox Business)

Garmin (NASDAQ: GRMN) reported downbeat fourth-quarter profit.

Garmin's quarterly net profit declined to $129.3 million, or $0.66 per share, versus $165.6 million, or $0.85 per share, in the year-ago period.

Excluding items, Garmin earned $0.68 per share, missing analysts' estimates of $0.73 per share.

Garmin shares closed at $39.24 yesterday.

Posted-In: profitEarnings News

 

Related Articles (GRMN)

Around the Web, We're Loving...

Get Benzinga's Newsletters