Garmin (GRMN) Lower After CFO Comments on Q1 Revenues
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Price: $294.85 +0.60%
Financial Fact:
Research and development expense: 116.45M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Research and development expense: 116.45M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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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]
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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]
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