Garmin (NASDAQ: GRMN) reported Q2 2020 earnings and sales that surpassed the market’s estimates sending its shares up 7% in the pre-market trading session. The company reported an adjusted EPS of $0.91 on sales of $870 million.
Sales dropped 9% in the quarter due to the declining sales in Aviation and Auto segments. On a GAAP basis, earnings declined 18% to $0.96 per share.
Garmin stock could surpass its previous 52 week high ($105.58) if the momentum continues in the today’s regular trading session.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard