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Wednesday, July 30, 2008

Garmin GRMN Earnings - Nuvifone delayed - FNM, FRE Stocks

This morning Garmin reported $1.19 per share, alot higher then expected. Revenues were a little light. They are cutting guidance and delaying their nuvifone until the first half of 2009. Very Bad News!

Other news, BWLD Buffalo Wild Wings beat earnings last night and the stock is up 10% today.

Freddie Mac ( FRE ) and Fannie Mae ( FNM ) are also set to move higher in pre market.