Garmin Ltd. (NYSE: GRMN) on Wednesday announced its second-quarter results that included an 11 percent increase in net income and a 6.5 percent rise in sales.
For the quarter that ended July 1, the company posted net income of $287.9 million, or $1.50 per diluted share, compared with $257.9 million, or $1.33 per diluted share, a year earlier. Sales rose to $1.32 billion from $1.24 billion.