Wednesday, May 2, 2007

UPDATE 1-Garmin quarterly profit rises, revenue below estimates

(Reuters) - Shares of the company fell about 8 percent to $54.89 in early electronic trade, after closing at $59.37 in regular trade on Nasdaq Tuesday.

Revenue for the first quarter increased 53 percent to $492 million, missing analysts' view of $498.7 million.


Read more at Reuters.com Market News

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