In This Article:
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.