Garmin forecasts higher full-year revenue, shares rise

Garmin forecasts higher full-year revenue, shares rise

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/02/20/garmin-forecasts-higher-full-year-revenue-shares-rise.html

Garmin on Wednesday forecast full-year revenue and profit above expectations after reporting strong fourth-quarter results on the back of higher demand for its smartwatches and navigation systems.

Shares of the company, which has been bouncing back strongly in the past year after a smartphone-driven slide in demand for the car satnavs that made it famous, rose 4.2 percent to $73.97 in light trading before the bell.

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