Garmin Rides Higher Aviation Sales to a New Record
A solid earnings report in early May had investors feeling optimistic that Garmin (NASDAQ: GRMN) might set new operating and financial records in fiscal 2019. Sure, the seasonally slow period left most of its important sales achievements, especially during the weeks around peak holiday shopping, for future months. But the GPS device giant got off to a great start, with revenue growth accelerating in Q1.
On Tuesday, the company extended this positive momentum deeper into the year by announcing a sharp boost in both sales and profitability. These wins convinced management to raise its 2019 outlook on both the top and bottom lines.
Let's dive right into the results.
Quelle Fool.com
