Trimble Navigation Ltd (TRMB) Tops Q2 EPS by 5c; Guides Slightly Below the Street

Trimble Navigation Ltd (NASDAQ: TRMB) reported Q2 EPS of $0.45, $0.05 better than the analyst estimate of $0.40. Revenue for the quarter came in at $642.2 million versus the consensus estimate of $621.23 million.

Trimble Navigation Ltd sees Q3 2014 EPS of $0.35-$0.40, versus the consensus of $0.41. Trimble Navigation Ltd sees Q3 2014 revenue of $590-610 million, versus the consensus of $615.50 million.

"The results for the second quarter reflect record revenue and margin performance," said Steven W. Berglund, Trimble's president and chief executive officer. "Almost all of the revenue growth was organic, which reflects generally improved market conditions outside of agriculture. Although we currently anticipate agriculture to remain a challenging market through the rest of the year, we expect our other markets will more than offset that effect. The construction industry, in particular, is accelerating adoption of our technology as the benefits become better understood."

Forward Looking Guidance

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

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