Categories: AlphaGraphs

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 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

Recent Posts

CVS Health (CVS) Q4 2025 revenue rises 8%; adjusted earnings decline

Healthcare solutions company CVS Health Corporation (NYSE: CVS) on Monday reported an increase in revenues…

7 minutes ago

DuPont Reports 2025 Full-Year Results and Issues 2026 Guidance Following Strategic Spinoffs

The industrial materials manufacturer reported flat fourth-quarter sales and a full-year organic growth rate of…

14 minutes ago

Harley-Davidson Q4 2025 Results Reflect Margin Pressure

Overview Harley-Davidson, Inc. reported consolidated fourth-quarter 2025 results that point to continued pressure on profitability…

25 minutes ago

KO Earnings: Key quarterly highlights from Coca-Cola’s Q4 2025 financial results

The Coca-Cola Company (NYSE: KO) reported its fourth quarter 2025 earnings results today. Net revenues…

40 minutes ago

KT Corp. Annual Operating Profit Surges 205% as AI and Real Estate Drive Growth

The South Korean telecommunications provider reported a significant increase in annual profit for 2025, supported…

59 minutes ago

Hasbro (HAS) Q4 2025 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported its fourth quarter 2025 earnings results today. Revenues increased 31%…

1 hour ago