Trimble (TRMB) Tops Q1 EPS by 2c, provides guidance

Trimble (NASDAQ: TRMB) reported Q1 EPS of $0.64, $0.02 better than the analyst estimate of $0.62. Revenue for the quarter came in at $953.3 million versus the consensus estimate of $912.15 million.

GUIDANCE:

Trimble sees FY2024 EPS of $2.60-$2.80, versus the consensus of $2.73. Trimble sees FY2024 revenue of $3.57-3.67 billion, versus the consensus of $3.613 billion.

For the second quarter of 2024, Trimble expects to report revenue between $845 million and $875 million, versus the consensus of $881 million and non-GAAP EPS of $0.56 to $0.60, versus the consensus of $0.61. The second quarter of 2024 non-GAAP EPS assumes a tax rate of 17.3 percent and approximately 247 million average shares outstanding.

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

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