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http://kansascity.bizjournals.com/kansascity/mobile/stories/2009/10/26/daily38.html http://kansascity.bizjournals.com/kansascity/mobile/stories/... Garmin comp
by brown9-2 17y ago
http://kansascity.bizjournals.com/kansascity/mobile/stories/2009/10/26/daily38.html http://kansascity.bizjournals.com/kansascity/mobile/stories/...
Garmin competitor TomTom NV, a Dutch company, on Wednesday reported a 15 percent drop in revenue and a 48 percent plunge in earnings for the third quarter compared to the same quarter of 2008. However, earnings rose 42 percent compared to the second quarter.
Let's not ignore the possibility that todays drop in Tomtom's stock price (and by extension, Garmin's) might had something to do with an earnings drop.