Garmin forecasts upbeat annual results on strong wearables demand

A large replica of a fitness smartwatch from Garmin is on display the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner

Feb 18 (Reuters) - Navigation device ⁠maker Garmin forecast annual revenue and profit above ⁠Wall Street estimates on Wednesday driven by strong ‌demand for high-end wearables and fitness products, sending its shares up 13% in premarket trading.

The forecasts show Garmin's growth in various markets, including wellness ​devices, marine systems and private aviation, ⁠despite uneven consumer demand.