Garmin Ltd reported better-than-expected quarterly profit and raised its full-year forecast on Wednesday, boosted by higher demand for its activity-tracking wearable devices. Garmin shares were up 1.5 percent at $63.40 in midday trading. Garmin, which started as a GPS device maker, has gained in recent years due to a surge in demand for smartwatches and other wearable devices that track everything from heart rates and calories to a pet’s movement. …read more
Source:: Yahoo Finance
