Investing.com - Garmin (NASDAQ:GRMN) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Garmin announced earnings per share of $1.68 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $1.26 on revenue of $1.11B.
Garmin shares are up 14% from the beginning of the year, still down 1.70% from its 52 week high of $154.67 set on July 26. They are under-performing the S&P 500 which is up 17.18% from the start of the year.
Garmin follows other major Technology sector earnings this month
Garmin's report follows an earnings missed by Taiwan Semiconductor on July 15, who reported EPS of $0.929 on revenue of $13.35B, compared to forecasts EPS of $0.9296 on revenue of $13.23B.
Snap had beat expectations on July 22 with second quarter EPS of $-0.1 on revenue of $982.11M, compared to forecast for EPS of $-0.1814 on revenue of $845.61M.
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