July 31, 2013 9:32 AM

New products buoy Garmin’s revenue, lifting its stock price

The company said its Edge and Forerunner lines of products for cyclists sold well in the quarter. A lift in fitness and other product lines helped offset some of the decline in sales of Garmin’s traditional navigation products that led to a dip in earnings. Shares jumped 7.5 percent, gaining $2.82 to $40.08, their highest level since January.

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