Reported 2 days ago
Garmin reported its slowest revenue growth in seven quarters, missing profit expectations due to weak demand for navigation devices and smartwatches, which led to an 11.5% drop in its shares. The company also highlighted concerns over economic uncertainty linked to U.S. tariffs affecting supply chains, even as it raised its revenue forecast for the year slightly above analyst estimates. Despite an overall sales increase to $1.54 billion, adjusted profits came in lower than anticipated.
Source: YAHOO