ZDNET - Jul 17 - Garmin said its second quarter results would fall below expectations in part due to pricing pressure in the wearable market. Q2 sales will be between $770M and $775M with gross margins of about 54%. Earnings will be about 70 cents a share to 72 cents a share in the second quarter. The current competitive environment in the fitness market necessitates more aggressive pricing with higher advertising expenses.
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