Garmin Navigates A 70 Percent Profit Increase

February 2008
Red Herring;2/20/2008, p10
Trade Publication
The article reports on a 70% increase in profits posted by navigation device maker Garmin in the fourth quarter of 2007. The company's profit for the quarter rose to $307.3 million, or $1.39 cents a share. Revenue almost doubled to $1.23 billion. The rise in profits was attributed to strong holiday sales.


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