From Yahoo Finance: 2025-04-30 09:52:00

Garmin’s revenue growth slowed significantly, missing profit estimates due to weak demand for navigation devices and smartwatches. Shares dropped over 11.5% as the company cited economic uncertainty from U.S. tariffs. Despite this, Garmin raised its revenue forecast for the year. Sales in outdoor and fitness divisions increased, but adjusted profit fell short of expectations. The company also reduced its annual margin forecast.



Read more at Yahoo Finance: Navigation device maker Garmin misses profit estimates, shares slump