Investing.com - Garmin reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Garmin announced earnings per share of $1.58 on revenue of $1.1B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $892.13M.
Garmin shares are up 1% from the beginning of the year and are trading at $98.61 , down-from-52-week-high.They are under-performing the Nasdaq which is up 27.4% 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 Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $0.92 on revenue of $12.4B, compared to forecast for EPS of $0.84 on revenue of $11.84B.
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