Trimble Q3 Adj. EPS $0.68 Beats $0.61 Estimate, Sales $957.30M Miss $967.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trimble (NASDAQ:TRMB) reported Q3 adjusted earnings of $0.68 per share, beating the analyst consensus estimate of $0.61 by 11.48%. However, the company's quarterly sales of $957.30 million missed the analyst consensus estimate of $967.44 million by 1.05%. This represents a 3.03% increase in earnings and an 8.18% increase in sales compared to the same period last year.
November 01, 2023 | 11:51 am
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Trimble's Q3 earnings beat estimates but sales missed, indicating mixed performance.
Trimble's Q3 earnings beat the estimates, which is a positive signal for investors. However, the company's sales missed the estimates, which could be a concern. The mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100