The technology company exceeded analyst expectations for both earnings per share and quarterly revenue in its latest report.
Trimble reported non-GAAP earnings per share of $0.79, surpassing estimates by $0.07. Revenue reached $939.9M, beating projections by $34.33M for the period.
Analysts had anticipated lower figures, with consensus estimates closer to $0.72 for EPS and $905.6M for revenue. The results reflect stronger-than-expected performance in the company’s core segments.
Shares may see upward pressure as investors digest the earnings beat and revenue growth.