Garmin handily beat Wall Street's targets and increased its outlook for the full year.
Garmin Stock Jumps On Second-Quarter Beat, Raised Outlook
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Garmin (GRMN), a maker of electronic devices for fitness, navigation and outdoor recreation, on Wednesday handily beat Wall Street's targets for the second quarter and increased its outlook for the full year. Garmin stock jumped on the news, near a breakout. The Olathe, Kan.-based company earned an adjusted $2.81 a share on sales of $2.02 billion in the June quarter.…
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