Garmin (GRMN) stock soars 23% in a day: Here's why

Though far from the most highly anticipated report of the ongoing earnings season, Garmin’s (NYSE: GRMN) report, posted on October 30, might have turned out to be the most exciting.The American, Swiss-domiciled technology company specializing in devices for outdoor recreation, navigation, and fitness posted an exceptionally strong result, which – paired with revised guidance – proved sufficient to trigger a massive stock market breakout for GRMN shares.Specifically, Garmin shares surged 26.03% within a day ...