Investing.com - Garmin reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Garmin announced earnings per share of $1.24 on revenue of $1.14. Analysts polled by Investing.com anticipated EPS of $1.16 on revenue of $1.21B.
Garmin shares are up 3% from the beginning of the year and are trading at $84.89 , down-from-52-week-high.
Garmin follows other major Consumer Discretionary sector earnings this month
Garmin's report follows an earnings beat by Tesla on October 19, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on September 29 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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