Investing.com - Garmin reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Garmin announced earnings per share of $0.91 on revenue of $869.9M. Analysts polled by Investing.com anticipated EPS of $0.39 on revenue of $658.78M.
Garmin shares are up 1% from the beginning of the year and are trading at $99.36 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.38% from the start of the year.
Garmin follows other major Technology sector earnings this month
Garmin's report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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