Reported 27 days ago
Garmin raised its full-year profit and revenue forecasts, attributing the positive forecast to strong demand for wearable products ahead of the holiday season. The company reported third-quarter revenue of $1.59 billion, exceeding expectations, driven by resilient growth in its fitness segment. Garmin anticipates full-year revenue around $6.12 billion, up from the previous estimate, as it continues to launch new wearables amidst a challenging economic environment.
Source: YAHOO