Investing.com - Garmin reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Garmin announced earnings per share of $1.41 on revenue of $1.19B. Analysts polled by Investing.com anticipated EPS of $1.26 on revenue of $1.15B.
Garmin shares are up 5% from the beginning of the year and are trading at $160.30 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 20.73% from the start of the year.
Garmin follows other major Technology sector earnings this month
Garmin's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.
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