Garmin (GRMN) Lower After CFO Comments on Q1 Revenues
Tweet
Share
E-mailGet Alerts GRMN Hot Sheet
Price: $142.51 --0%
EPS Growth %: -2.0%
Financial Fact:
Net sales: 722.25M
Today's EPS Names:
SEIC, OSBC, USAP, More
EPS Growth %: -2.0%
Financial Fact:
Net sales: 722.25M
Today's EPS Names:
SEIC, OSBC, USAP, More
Join SI Premium – FREE
Shares of Garmin Ltd. (Nasdaq: GRMN) are lower after CFO Kevin S. Rauckman told Reuters the GPS maker sees first quarter revenues down 40%-50% versus the fourth quarter.
This would put Q1 revenues in the range of about $610 million-$732 million, which compares to the consensus of $731.5 million.
On the company's Q4 conference call Rauckman was projecting a 40% sequential decline. [LJ]
Sign up at EasyStockAlerts.com & Make Money Today!
This would put Q1 revenues in the range of about $610 million-$732 million, which compares to the consensus of $731.5 million.
On the company's Q4 conference call Rauckman was projecting a 40% sequential decline. [LJ]
Sign up at EasyStockAlerts.com & Make Money Today!
You May Also Be Interested In
- Texas Instruments (TXN) jumps on first above-consensus guide in seven years
- Otis Worldwide (OTIS) Tops Q1 EPS by 1c, provides guidance
- General Motors (GM) stock gains after raising full-year guidance
Create E-mail Alert Related Categories
Guidance, Insiders' BlogSign 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!
