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Garmin Stock Rises After Q1 Earnings Beat

PATRICK SEITZ
  • Fitness products category was the top performer, with sales rising 40% to nearly $343 million in the March quarter.
  • Garmin noted strong demand for advanced wearables, including its new Forerunner 165 Series smartwatch.
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CVS STOCK

CVS Health Dives To 3-Year Low On Medicare Cost Surge

JED GRAHAM
  • Its medical benefits ratio (costs as a percentage of premiums) jumped to 90.4% in the quarter from 84.6% a year ago.
  • CVS also sharply cut its full-year outlook on the expectation that cost pressures could continue.
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