Why Garmin Stock Is a Buy After Q1 Earnings

Garmin's (NASDAQ: GRMN) business is firing on all cylinders. The GPS navigation specialist just announced impressive results for its fiscal first quarter, which runs through late March. Sales jumped, profitability expanded, and earnings spiked thanks to strong demand for its portfolio of smartwatches, fitness trackers, and marine and aviation navigators.

Let's look at why that news should have investors considering buying this stock even though management left its broader 2021 growth outlook unchanged.

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Source Fool.com