Investing.com - Garmin reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Garmin announced earnings per share of $1.73 on revenue of $1.35B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $1.18B.
Garmin shares are up 10% from the beginning of the year and are trading at $132.48 , down-from-52-week-high.They are outperforming the Nasdaq which is up 8.99% from the start of the year.
Garmin follows other major Technology sector earnings this month
Garmin's report follows an earnings beat by Apple on Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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