Trimble (TRMB) Tops Q2 EPS by 3c

Trimble (NASDAQ: TRMB) reported Q2 EPS of $0.38, $0.03 better than the analyst estimate of $0.35. Revenue for the quarter came in at $661.9 million versus the consensus estimate of $641.65 million.

Forward Looking Guidance

For the third quarter of 2017 Trimble expects revenue to be between $645 million and $675 million with GAAP earnings per share of $0.16 to $0.20 and non-GAAP earnings per share of $0.34 to $0.38. Non-GAAP guidance excludes the amortization of intangibles of $37 million related to previous acquisitions, anticipated acquisition costs of $3 million, the anticipated impact of stock-based compensation expense of $15 million, and $3 million in anticipated restructuring charges. GAAP guidance assumes a tax rate of 23 percent and non-GAAP guidance assumes a tax rate of 23 percent. Both GAAP and non-GAAP earnings per share assume approximately 258 million shares outstanding.

For earnings history and earnings-related data on Trimble (TRMB) click here.

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