Garmin Sees a Near-Full Rebound From COVID-19 Challenges
Garmin (NASDAQ: GRMN) investors had some good reasons to expect to see improving third-quarter operating results from the GPS device giant. Its last report showed surprisingly strong demand through some of the worst weeks of the COVID-19 crisis, after all. Garmin's deep portfolio, which spans several categories of consumer and professional products, helps protect it from slumps in any one category. And the business has proven to be highly profitable even through demand disruptions.
Those assets all shined through in the most recent quarter as sales roared back into positive territory despite struggles in categories like aviation and automotive navigation.
Let's take a closer look.
Source Fool.com
