Garmin (GRMN) Reports Q3 EPS of 70c, Misses by 5c; Cuts FY10 Outlook

November 3, 2010 7:32 AM EDT
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Garmin (Nasdaq: GRMN) reports Q3 EPS of $0.70, 5 cents lower than the analyst estimate of $0.75. Revenue for the quarter was $692 million, which compares to the estimate of $730.47 million.

Cuts its FY10 adj-EPS guidance from $2.75-$3.15 to $2.70-$2.90, vs. the consensus of $2.98.

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