Garmin Glides Through a Tough Quarter

Investors were bracing for some tough operating results from Garmin (NASDAQ: GRMN) for the second-quarter period that captures the most intense economic effects of the pandemic to date. It was easy to imagine how retailer closures and consumer behavior changes would push sales and profits down dramatically in April, May, and June.

But the GPS device specialist's report easily surpassed those low expectations. In fact, Garmin's growth wins suggest it could boost sales in some big categories in 2020 while generating lots of cash.

Image source: Getty Images.

Source Fool.com