Garmin Is Today’s Top S&P 500 Stock. Outlook Raised Ahead of ‘Important Holiday Selling Season.’
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Shares of Garmin were soaring after the navigation device maker easily beat quarterly earnings and revenue estimates and boosted its financial outlook. Garmin stock gained 21% to $200.60 on Wednesday and was on track for an all-time high, according to Dow Jones Market Data. For its third quarter, the company reported adjusted earnings of $1.99 per share, beating Wall Street’s call for $1.45, according to FactSet.