Garmin Sales Down 3% in Q2 2013

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Garmin Sales Down 3% in Q2 2013
Garmin today announced their financial results for the second quarter 2013 with a total revenue of $697 million, down 3 percent against the same quarter last year.

The gross profit was down from 59% to 55% and the operating profit from 28% to 24%. Diluted earnings per share declined 22% percent from $0.98 to $0.76.

In the second quarter…


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