UPDATE 2-Garmin's PND unit drags profit down; cuts FY outlook
November 03, 2010 at 10:34 AM EDT
By Supantha Mukherjee and S. John Tilak BANGALORE, Nov 3 (Reuters) - Slow growth at newer business lines and a steeper-than-expected fall in revenue from portable navigation devices (PND) prompted Garmin Ltd to cut its full-year forecast, sending its shares down 8 percent.