Trimble Q2 Adj EPS $0.64 Beats $0.58 Estimate, Sales $993.60M Beat $979.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trimble (NASDAQ:TRMB) reported Q2 earnings of $0.64 per share, beating the analyst consensus estimate of $0.58 by 10.34%. The company also reported quarterly sales of $993.60 million, surpassing the analyst consensus estimate of $979.08 million by 1.48%. This represents a 5.57% increase over sales of $941.20 million in the same period last year.
August 04, 2023 | 12:54 pm
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POSITIVE IMPACT
Trimble's Q2 earnings and sales beat estimates, which could positively impact its stock price.
Companies that report earnings and sales above analyst estimates typically see a positive reaction in their stock price as this indicates better than expected performance. Trimble's Q2 results beat both earnings and sales estimates, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100