Skip to main content

Trimble: Q1 Earnings Snapshot

WESTMINSTER, Colo. (AP) — WESTMINSTER, Colo. (AP) — Trimble Navigation Ltd. (TRMB) on Wednesday reported first-quarter profit of $98.9 million.

The Westminster, Colorado-based company said it had profit of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The GPS manufacturer posted revenue of $939.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $903.7 million.

For the current quarter ending in June, Trimble expects its per-share earnings to range from 78 cents to 82 cents.

The company said it expects revenue in the range of $938 million to $963 million for the fiscal second quarter.

Trimble expects full-year earnings in the range of $3.47 to $3.64 per share, with revenue ranging from $3.84 billion to $3.92 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRMB at https://www.zacks.com/ap/TRMB

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story