Volume Spike Investor

Garmin Ltd. (NASDAQ: GRMN) is surging in pre-market trading.  Its profit fell to $161.9 million, or $0.81 EPS and $0.83 on an adjusted basis.  Sales were down 27% to $669.1 million.  We had a Thomson Reuters figure of $0.51 EPS and $670.5 million.  Because this is so much less-bad on earnings, shares are up a sharp 20% at $32.73 on over 140,000 shares as of 8:09 AM EST.  Average volume is $2.4 million shares, but we’d expect that to be crossed very early in the trading day. -JON OGG