Garmin sinks on another full-year guidance cut

By | October 15, 2015

Scalper1 News

GPS-navigation-products maker Garmin (GRMN) saw its stock tumble Thursday after the company preannounced weaker-than-expected third-quarter earnings and slashed its full-year sales and earnings outlook. Garmin stock was down 14% in afternoon trading on the stock market today, at a four-year low below 32. It started the year near 53. Late Wednesday, Garmin said it expects to announce Q3 sales of about $680 million. Analysts were expecting $705 Scalper1 News

Scalper1 News