[May 20, 2013] Earnings Look Back: Garmin Is Up 9.5% Since Reporting Quarterly Results 2 Weeks Ago (GRMN) Tweet May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Two weeks ago on May 1st, 2013 Garmin (NASDAQ:GRMN) reported earnings and analysts, on average, expected earnings of $0.41 on sales of $516.8 million. The company actually reported EPS of $0.40 on sales of $532.0 million, missing EPS estimates by $0.01 and beating revenue estimates by $15.1 million. Shares of Garmin have climbed from $33.68 to $36.88, representing a gain of 9.5% since the company reported earnings 19 days ago. Garmin share prices have moved between a 52-week high of $50.67 and a 52-week low of $29.23 and are now trading 26% above that low price at $36.88 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%. SmarTrend is monitoring the recent change of momentum in Garmin. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Garmin in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]