Garmin’s (GRMN) Auto and Smartphone Businesses Crumble
November 05, 2010 at 10:31 AM EDT
This week, GPS Maker Garmin (GRMN: Charts, News, Offers) announced 3Q earnings per share of 70 cents on $692 million in revenue, which disappointed the Street, which was expecting 75 cents on $730 million. To rub salt on its own wounds, the company announced steady declines in its core auto navigation segment and the abandonment [...]
