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Why Did Garmin Stock Tank Today?

TheMotleyFool

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Why Did Garmin Stock Tank Today?: https://g.foolcdn.com/editorial/images/840216/garmin-watch-on-wrist.png

Garmin (NYSE: GRMN) reported strong third-quarter earnings today. That might have investors wondering why the stock is crashing. The Global Positioning System (GPS) technology company said sales rose by double digits and raised its profit forecast for the full year.

Yet Garmin shares were lower by 9.1% as of 12:50 p.m. ET. So what gives?

Image source: Garmin.

Source Fool.com

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