Analysts expect Olathe headquartered, Garmin, to have increased earnings

Analysts: Garmin’s 2009 earnings will head south - Kansas City Business Journal:: "Eighteen Wall Street analysts surveyed by Thomson Reuters expect the company to report quarterly earnings of 95 cents a share, a gain from 78 cents a share during the same period a year before. Revenue is predicted to be $955.7 million, a drop from $1.05 billion.

For the year, analysts estimated that Garmin will report profits of $3.04 a share on $2.84 billion in revenue, both less than a year ago, when the company reported earning $3.51 a share on sales of $3.49 billion."

The Cayman Island based company makes navigational and communication equipment.

With a good year in earnings and no big splashes in equipment since the nuviphone, will we see any new big releases in 2010?

Let us know what you think or add to our blog by writing a comment.

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

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