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Garmin Shares Drop Despite Strong Earnings and Raised Guidance
Garmin Shares Drop Despite Strong Earnings and Raised Guidance
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BTCCSquare news:
Garmin's stock fell as much as 8% despite reporting robust second-quarter earnings and raising its full-year outlook. The GPS technology company posted double-digit revenue growth across all five business segments, with its fitness category leading the charge at a 41% surge. Strong demand for advanced wearables fueled the performance.
The company now expects 2025 sales to climb 13%, up from previous guidance, with EPS projected between $7.80 and $8. A pristine balance sheet—featuring $3.9 billion in cash and marketable securities with zero debt—further underscores the fundamental strength. Today's selloff appears disconnected from the underlying business momentum.
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