Trimble: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:06 AM ET
Last Updated - Jun 21, 2023, 11:32 PM EDT
WESTMINSTER, Colo. (AP) — WESTMINSTER, Colo. (AP) — Trimble Navigation Ltd. (TRMB) on Wednesday reported first-quarter earnings of $128.8 million.
The Westminster, Colorado-based company said it had net income of 52 cents per share. Earnings, adjusted for one-time gains and costs, came to 72 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The GPS manufacturer posted revenue of $915.4 million in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $935.4 million.
