24/7 Wall St.
04-03-2008, 12:30 PM
<b>24/7 Wall St. Daily News</b>
Garmin Ltd. (NASDAQ: GRMN) already saw the wrath of traders today after its CFO told Reuters in an interview that the revenue drop on a sequential basis (quarter/quarter) would see a drop of 40% to 50%. With the last quarter showing some $1.217 Billion in revenues, you would derive a new range of $606 million to $730 million. Before any estimate changes have been made, First Call has estimates for the quarter at $731.4 million. When you compare that to Q1 2007, it doesn't look so bad as the Q1 2007 showed some $492 million in revenues. In no way...<div class="feedflare">
<a href="http://feeds.feedburner.com/~f/typepad/RyNm?a=O9CLPgG"><img src="http://feeds.feedburner.com/~f/typepad/RyNm?i=O9CLPgG" border="0"></img></a> <a href="http://feeds.feedburner.com/~f/typepad/RyNm?a=A8mVRiG"><img src="http://feeds.feedburner.com/~f/typepad/RyNm?i=A8mVRiG" border="0"></img></a> <a href="http://feeds.feedburner.com/~f/typepad/RyNm?a=pkyNcKg"><img src="http://feeds.feedburner.com/~f/typepad/RyNm?i=pkyNcKg" border="0"></img></a>
</div>
complete story here... (http://www.247wallst.com/2008/04/garmin-guidance.html)
Garmin Ltd. (NASDAQ: GRMN) already saw the wrath of traders today after its CFO told Reuters in an interview that the revenue drop on a sequential basis (quarter/quarter) would see a drop of 40% to 50%. With the last quarter showing some $1.217 Billion in revenues, you would derive a new range of $606 million to $730 million. Before any estimate changes have been made, First Call has estimates for the quarter at $731.4 million. When you compare that to Q1 2007, it doesn't look so bad as the Q1 2007 showed some $492 million in revenues. In no way...<div class="feedflare">
<a href="http://feeds.feedburner.com/~f/typepad/RyNm?a=O9CLPgG"><img src="http://feeds.feedburner.com/~f/typepad/RyNm?i=O9CLPgG" border="0"></img></a> <a href="http://feeds.feedburner.com/~f/typepad/RyNm?a=A8mVRiG"><img src="http://feeds.feedburner.com/~f/typepad/RyNm?i=A8mVRiG" border="0"></img></a> <a href="http://feeds.feedburner.com/~f/typepad/RyNm?a=pkyNcKg"><img src="http://feeds.feedburner.com/~f/typepad/RyNm?i=pkyNcKg" border="0"></img></a>
</div>
complete story here... (http://www.247wallst.com/2008/04/garmin-guidance.html)