Trimble (TRMB) Tops Q2 EPS by 14c, Revenues Beat

Trimble (NASDAQ: TRMB) reported Q2 EPS of $0.52, $0.14 better than the analyst estimate of $0.38. Revenue for the quarter came in at $733.6 million versus the consensus estimate of $702.09 million.

"The resilience of the Trimble team, the quality of our Connect & Scale 2025 strategy, and the strength of our financial model enabled us to perform despite difficult circumstances," said Rob Painter, Trimble's president and chief executive officer. "While we expect ongoing macroeconomic challenges, we remain committed to our mission to transform the way the world works, as we enable our customers to digitize their businesses and unlock productivity, quality, safety and sustainability."

Forward Looking Guidance

Trimble's financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. As such, Trimble is not providing a financial outlook for the third quarter of 2020 or the remainder of 2020 at this time.

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

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