Why Investors Are Running From Garmin Stock Today

Garmin (GRMN -9.34%) this morning reported record first-quarter revenue that jumped 11% year over year. Bottom-line profits grew even faster at 13%. The maker of GPS-enabled devices even boosted revenue guidance for the year.So investors might be wondering why the stock plunged by as much as 12.6% Wednesday morning. While it recovered some of that drop, Garmin shares were still down by 9% as of 3:15 p.m. ET. Positive business trends, but tariffs loomGarmin had a strong quarter by most accounts. Revenue beat ...