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Garmin (GRMN) Stock Gaining, Q1 Results Top Estimates

NEW YORK (TheStreet) -- Shares of Garmin (GRMN - Get Report) are rising by 2.68% to $43.42 on Wednesday morning, following the release of better-than-expected results for the 2016 first quarter.

Before today's opening bell, the Switzerland-based maker of navigational devices posted earnings of 49 cents per share, beating analysts' expectations of 42 cents per share.

Revenue climbed by 7% to $624 million year-over-year and surpassed Wall Street's expectations of $585.9 million.

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"We started out 2016 strong with total revenue growth of 7% led by robust double digit...