UPDATE: Garmin Posts Downbeat Q4 Profit
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.
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