Trimble (NASDAQ: TRMB) reported Q3 EPS of $0.33, $0.02 better than the analyst estimate of $0.31. Revenue for the quarter came in at $584.1 million versus the consensus estimate of $600.09 million.

GUIDANCE:

Trimble sees Q4 2016 EPS of $0.27-$0.32, versus the consensus of $0.32. Trimble sees Q4 2016 revenue of $562-592 million, versus the consensus of $597.9 million.

"Our results in the quarter demonstrated progress, both top and bottom line," said Steven W. Berglund, Trimble's president and chief executive officer. "We encountered more challenges than anticipated in the U.S., particularly in the geospatial market. Although we anticipate market ambiguities to persist into 2017, we continue to expect 2017 to be a year of growth and margin expansion."

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