Garmin (GRMN) Earnings Upset, Stock Tanks
Posted on Wed 1st Nov, 2006 11:03:54 AM
Shares of Garmin Ltd (GRMN) are taking a beating today as earnings were not as chip happy as the street expected. The key aspects were the lack of sales and revenue, and the stock opened down below $46 this morning as a result, after closing at $53.41 the previous day. Real Time the stock is down $7.82 or 14.68% on volume of over 12 million.
