Garmin Stock Flies Higher After Company Beats Estimates, Boosts Outlook

Key TakeawaysGarmin posted better-than-expected results and gave an optimistic outlook as all its business units increased sales.CEO Cliff Pemble said the company's "momentum" is carrying over into the key holiday shopping season. Garmin boosted its full-year earnings and revenue guidance.The stock jumped to record highs in Wednesday trading. Shares of Garmin (GRMN) skyrocketed Wednesday, touching record highs, as the navigation and communication equipment maker easily beat profit and sales estimates and o ...