Trimble Second Quarter 2024 Earnings: EPS Beats Expectations

Trimble (NASDAQ:TRMB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$870.8m (down 12% from 2Q 2023).
• Net income: US$1.32b (up by US$1.27b from 2Q 2023).
• EPS: US$5.37 (up from US$0.18 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trimble EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 7.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Trimble (1 shouldn't be ignored!) that we have uncovered.

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