Trimble Beats Q3 Expectations, Boasts Record Revenue As CEO Outlines Focused Growth Strategy

Trimble Inc (NASDAQ:TRMB) reported a fiscal third-quarter 2024 revenue decline of 9% to $875.8 million, beating the analyst consensus estimate of $864.5 million.

Revenue growth was 3% year-over-year (Y/Y) on an organic basis.

The GPS navigation maker’s adjusted EPS of 70 cents beat the analyst consensus estimate of 62 cents. The stock price climbed after the print.

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Annualized recurring revenue ...