Trimble (TRMB) Tops Q2 EPS by 5c, misses on revenue, provides guidance

Trimble (NASDAQ: TRMB) reported Q2 EPS of $0.64, $0.05 better than the analyst estimate of $0.59. Revenue for the quarter came in at $993.6 million versus the consensus estimate of $974.16 million.

Guidance:

For the full-year 2023, Trimble now expects to report revenue between $3,845 million and $3,925 million, GAAP EPS of $1.22 to $1.37, and non-GAAP EPS of $2.57 to $2.73. The full-year 2023 GAAP EPS assumes a tax rate of 18.0 percent, and the non-GAAP EPS assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP EPS assume approximately 250 million shares outstanding.

For the third quarter of 2023, Trimble expects to report revenue between $945 million and $985 million, GAAP EPS of $0.20 to $0.27, and non-GAAP EPS of $0.56 to $0.64. The third quarter of 2023 GAAP EPS assumes a tax rate of 18.0 percent and the non-GAAP EPS assumes a tax rate of 17.3 percent. Both GAAP and non-GAAP EPS assume approximately 250 million shares outstanding.

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

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