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February 20, 2013 at 17:54 PM EST
Garmin Ltd. (Nasdaq: GRMN) disappointed with lower fourth quarter revenue and earnings of 66 cents per share compared with 85 cents per share in the year ago period that missed analyst estimates. The navigation device maker also forecast 2013 results below expectations sending the stock price plummeting $3.70 to close at $35.54.
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