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Why Did Garmin Stock Soar Today?

TheMotleyFool

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Investors are sending Garmin (NYSE: GRMN) shares soaring today after the company reported a record year. Not only did the maker of GPS-enabled wearables and devices finish the year with record revenue across all five segments, but management also predicts more to come.

The solid report sent shares up over 18% before the stock settled 16.4% higher as of 9:51 a.m. ET.

Image source: Garmin.

Source Fool.com

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