Feb 20- Garmin Ltd forecast full-year results below analysts' estimates suggesting a market share gain from smaller rivals could no longer offset a lack of demand for its GPS-enabled handheld navigation devices. The drop in the popularity of personal navigation devices has forced Garmin and its Dutch rival TomTom to look for new areas of growth.
U.S. stock index futures briefly dipped Wednesday following a weaker-than-expected housing starts report, but rebounded into positive territory ahead of the minutes from the Federal Reserve's latest meeting and a day after all three major averages closed at fresh multi-year highs,
*Sees FY13 adjusted earnings/shr $2.30- $2.40 vs estimate $2.82. Feb 20- Garmin Ltd reported a weaker-than-expected quarterly profit as revenue in its personal navigation devices business fell 25 percent, and the company forecast full-year results below analysts' expectations.
Feb 20- Garmin Ltd said it expects to sell fewer GPS-enabled navigation devices in 2013 and forecast full-year results below analysts' estimates, sending its shares down 12 percent to their lowest in more than a year.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.