Trimble (TRMB) Misses Q1 EPS by 3c, Guides

Trimble (NASDAQ: TRMB) reported Q1 EPS of $0.25, $0.03 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $583 million versus the consensus estimate of $580.37 million.

GUIDANCE:

Trimble sees Q2 2016 EPS of $0.26-$0.31, versus the consensus of $0.32. Trimble sees Q2 2016 revenue of $595-625 million, versus the consensus of $600.4 million.

"Revenue for all segments in the quarter came within expectations and deferred revenue grew to a record level," said Steven W. Berglund, Trimble's president and chief executive officer. "Earnings were impacted by product and geographic mix as well as operating expenses associated with recent acquisitions. We remain on track for revenue growth for the full year, with particular strength in the Mobile Solutions segment and from the heavy civil and buildings businesses in the Engineering and Construction segment. We anticipate achieving our operating margin goals during the year due to gross margin improvement and cost containment initiatives."

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

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