Yahoo! Finance Search - Finance Home - Yahoo! - Help
AP

AP
Garmin to release third-quarter earnings
Wednesday November 4, 6:35 am ET
Garmin expected to release third-quarter profits, revenues below a year ago

OLATHE, Kan. (AP) -- Navigational device maker Garmin Ltd. is expected to report lower third-quarter profits and revenues from a year ago.

The Cayman Islands-based company, which has its headquarters in Olathe, is scheduled to release its financial results for the July-September period Tuesday morning.

Analysts surveyed by Thomson Reuters expect earnings of 69 cents per share on $704 million in sales. A year ago, the company reported earning 82 cents per share on revenue of $870 million.

Garmin makes GPS-equipped gadgets for drivers, boaters, pilots and outdoor enthusiasts. Garmin and other makers of navigational devices are under pressure from cell phone makers who are increasingly equipping their products with directional applications.



Mail to Friend Email Story
Alerts Set News Alert
Printer
Version  Print Story 


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.