Garmin Reports Good Q4 Results,Pessimistic 2010 Outlook

Garmin Reports Good Q4 Results,Pessimistic 2010 Outlook
Garmin today reported its financial results for the fourth quarter and the fiscal year 2009. The fourth quarter revenue was $1.059 billion,up 1% from $1.048 billion in fourth quarter 2008 and the total year revenue was $2.95 billion,down 16% from $3.49 billion in 2008.

For the fourth quarter 2009 the Automotive/Mobile segment revenu…

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