Garmin (GMRN) Weaker on Comments from Conference Call
Tweet
Share
E-mailGet Alerts GRMN Hot Sheet
Price: $286.84 -1.17%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.2%
Revenue Growth %: +12.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.2%
Revenue Growth %: +12.4%
Join SI Premium – FREE
Garmin Ltd. (Nasdaq: GRMN) is now down about 4%, after being higher earlier, on data from its conference call.
On the call, according to Bloomberg headlines, the company said: It sees competition increasing in 2008, says average navigation-device price fell 19% in Q4, sees navigation-device prices dropping 20% this year. On a positive note, the CFO said retail inventories are "lean."
On the call, according to Bloomberg headlines, the company said: It sees competition increasing in 2008, says average navigation-device price fell 19% in Q4, sees navigation-device prices dropping 20% this year. On a positive note, the CFO said retail inventories are "lean."
You May Also Be Interested In
- Paramount Judge Accepts States’ Settlement Of Warner Bros Deal - Bloomberg
- Goldman Sachs Shifts Fed Forecast To December Hike From October - Bloomberg
- Google Grapples With Employee Skepticism About New Gemini Model - Bloomberg
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
