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HomeBusinessTrimble Shares Down 13 percent Since Q3 Announcement

Trimble Shares Down 13 percent Since Q3 Announcement

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Trimble (NASDAQ:TRMB) shares fell around 13% since the company’s reported mixed Q3 results on Wednesday. EPS came in at $0.66, in-line with the expectations, while revenue of $884.9 million missed the Street estimate of $912.59 million.
ARR growth of 13% (up 16% organic) accelerated in the quarter, supporting 120bps of gross margin expansion quarter-over-quarter. While mindful of macro crosswinds, this quarter’s performance reflects the value of the company’s intentional portfolio shift toward more resilient earnings power across the cycle.
The company provided its fiscal 2022 outlook, expecting EPS to be in the range of $2.61-$2.67, compared to the Street estimate of $2.75. Full-year revenue is expected in the range of $3.665-3.715 billion, compared to the Street estimate of $3.782 billion.

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