Investing.com - Garmin (NASDAQ:GRMN) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Garmin announced earnings per share of $1.18 on revenue of $1.07B. Analysts polled by Investing.com anticipated EPS of $0.9338 on revenue of $924.74M.
Garmin shares are up 11% from the beginning of the year, still down 0.93% from its 52 week high of $142.44 set on April 26. They are outperforming the STOXX 600 which is up 10.31% 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 $1.95 on revenue of $41.71B, compared to forecasts EPS of $1.78 on revenue of $41.04B.
Alphabet C had beat expectations on Tuesday with first quarter EPS of $26.29 on revenue of $55.31B, compared to forecast for EPS of $15.71 on revenue of $51.36B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar