Skip navigation

Current DateTime: 08:29:48 11 Nov 2009
LinksList Documentid: 24355697
Garmin to release third-quarter earnings
By: The Associated Press | 04 Nov 2009 | 06:35 AM ET
Text Size

OLATHE, Kan. - Navigational device maker Garmin Ltd. is expected to report lower third-quarter profits and revenues from a year ago.

The Cayman Islands-based company, which has its headquarters in Olathe, is scheduled to release its financial results for the July-September period Tuesday morning.

Analysts surveyed by Thomson Reuters expect earnings of 69 cents per share on $704 million in sales. A year ago, the company reported earning 82 cents per share on revenue of $870 million.

Garmin makes GPS-equipped gadgets for drivers, boaters, pilots and outdoor enthusiasts. Garmin and other makers of navigational devices are under pressure from cell phone makers who are increasingly equipping their products with directional applications.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Bernard Madoff's Baseball Jacket
  • Bernard and Ruth Madoff's personal possessions will be auctioned this weekend. Click ahead to see.
  • US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
  • An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
  • Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
  • The real result of health care reform will be bloated government and higher deficits, says Larry Kudlow.
  • Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
ADD COMMENTS
Remaining characters


Current DateTime: 03:37:26 11 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:01:49 11 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 06:57:57 11 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:04:02 11 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters