July 30 (Reuters) - Garmin raised its annual

results forecast on Wednesday, banking on strong demand for its

GPS-enabled fitness devices and smartwatches.

Shares of the company jumped about 5.5% in premarket

trading.

The fitness device maker is benefiting from a strong product

lineup, including flagship smartwatches and a range of cycling

and indoor training equipment.

The raised forecast marks a recovery from the previous

quarter when the Swiss company, which has manufacturing

operations in Taiwan, the Netherlands, Poland, China and the

U.S., missed profit estimates amid tariff-led uncertainty.

Garmin's high-end wearables cater to professional and

niche markets, including defense and sports.

The company now expects full-year revenue of about $7.1

billion, compared with $6.80 billion earlier.

Garmin, which competes with Apple ( AAPL ) and Samsung

in the wearables market, posted second-quarter

revenue of $1.81 billion, beating analysts' average estimate of

$1.70 billion, according to data compiled by LSEG.

Revenue from its auto original equipment manufacturer

segment rose 16% to $170.1 million from a year ago.

The company posted quarterly per share profit of $2.17 on an

adjusted basis, beating estimates of $1.89.