Trimble Reports Second Quarter 2019 Results
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Trimble (TRMB) Misses Q2 EPS by 1c, Revenues Miss; Offers Q3 & FY19 EPS/Revenue Guidance Below Consensus
July 31, 2019 4:17 PM EDTTrimble (NASDAQ: TRMB) reported Q2 EPS of $0.53, $0.01 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $855.8 million versus the consensus estimate of $865.85 million.
Second quarter 2019 GAAP revenue of $854.8 million was up 9 percent as compared to the second quarter of 2018. Second quarter 2019 non-GAAP revenue of $855.8 million was up 8 percent as compared to the second quarter of 2018.Buildings and Infrastructure revenue was $339.9 million, up 22 percent. Geospatial revenue was $164.4 million, down 11 percent. Resources and Utilities revenue was $152.7 million, up 5 percent. Transportation revenue was $198.8 million, up 9 percent. Segment revenues reflect the... More