Garmin, the technology company based in Olathe, Kansas, US, reported second-quarter results that exceeded Wall Street expectations. The company also increased its financial outlook for the full year.
For the second quarter, Garmin posted adjusted earnings of $2.81 per share. The company recorded sales of $2.02 billion during the same period.
Following the release of these figures and the updated annual guidance, Garmin’s stock price rose.