Categories AlphaGraphs, Earnings, Technology

Garmin (GRMN) stock surges on upbeat Q2 results

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 (GRMN) Q2 2020 Earnings Infograph

Garmin stock could surpass its previous 52 week high ($105.58) if the momentum continues in the today’s regular trading session.

Also read Garmin Q2 2020 earnings call transcript

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