|
|
Article: Navigational device maker Garmin 4Q profit beats forecast on strong holiday demand
- Article from:
- AP Worldstream
- Article date:
- February 20, 2008
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
Navigational device maker Garmin Ltd. said Wednesday that its fourth-quarter profits jumped 70 percent as holiday shoppers doubled the company's sales, helping it easily beat Wall Street forecasts.
For the three months ending Dec. 29, the company said it earned $307.3 million (209.68 million), or $1.39 (.95) per share, compared with $180.3 million (123.02 million), or 82 cents per share, in the same period a year ago. Excluding favorable exchange rates, Garmin said per-share profits rose to $1.31 (.89) from 87 cents.
Analysts surveyed by Thomson Financial had expected earnings of $1.11 (.76) per share.
Garmin, based in the Cayman Islands but with operational ...
Related newspaper, magazine, and journal articles:
|
|
Article: GPS navigational device hot item for thieves
Maryland Gazette;
October 10, 2007 ;
700+ words
...BOSTON (AP) - When Austin Sweazy pulled into the parking lot of an auto-repair shop, his fiancee reminded him that even though their errand inside would last just a few minutes, it would be smart to lock the car doors. After all, she said, "you don't want anybody to steal your GPS." Mr. Sweazy
|
|