Trimble shares are trading lower after the company missed Q3 revenue estimates and issued weak guidance.
Portfolio Pulse from Benzinga Newsdesk
Trimble Inc. shares are trading lower after the company missed Q3 revenue estimates and issued weak guidance.
November 01, 2023 | 3:00 pm
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NEGATIVE IMPACT
Trimble's stock price is expected to decrease in the short term due to missed Q3 revenue estimates and weak guidance.
Trimble's shares are trading lower due to the company's failure to meet Q3 revenue estimates and its issuance of weak guidance. This negative financial performance is likely to decrease investor confidence, leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100