Though Garmin Ltd.'s third-quarter results easily topped Street estimates, shares tumbled as much as 16% on continuing fears about competition from Google Inc. in the navigation business.
"I think, on the surface, the [third-quarter] numbers looked pretty solid, and unit growth still looks pretty healthy in core markets," RBC Capital Markets
Sorry. To access this content you need a research level subscription,
or you can use pay-per-view to access this article. To subscribe, click
HERE.
This content is delayed by at least 1 hour from original time of publishing