Trimble Navigation is a technology company that specializes in providing advanced positioning, modeling, and data analytics solutions
Their products and services integrate a variety of technologies, including GPS, laser scanning, and software applications, to enhance productivity and efficiency in diverse sectors such as agriculture, construction, geospatial, and transportation. Trimble's innovative tools enable customers to collect and analyze critical data, optimize workflows, and improve decision-making, supporting various industries in achieving precision and accuracy in their operations.
Over the past six months, Trimble has been a great trade, beating the S&P 500 by 16.8%. Its stock price has climbed to $69.30, representing a healthy 21% increase. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Rockwell Automation (NYSEROK) and the rest of the internet of things stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Vontier (NYSEVNT) and the rest of the internet of things stocks fared in Q3.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the internet of things industry, including Trimble (NASDAQTRMB) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SmartRent (NYSESMRT) and the best and worst performers in the internet of things industry.
Shares of geospatial technology provider Trimble (NASDAQTRMB) jumped 17.3% in the morning session after the company reported strong third-quarter earnings, which blew past analysts' sales and profit expectations. Guidance was also strong as it raised its full-year EPS guidance. On the other hand, its organic revenue missed, but this quarter still had some key positives.
Geospatial technology provider Trimble (NASDAQTRMB) beat Wall Street’s revenue expectations in Q3 CY2024, but sales fell 8.5% year on year to $875.8 million. The company expects next quarter’s revenue to be around $945 million, close to analysts’ estimates. Its non-GAAP profit of $0.70 per share was also 13.3% above analysts’ consensus estimates.
Trimble Inc. (NASDAQTRMB) shares are trading higher Monday, after the company announced the launch of Transporeon Visibility in North America. This new offering provides real-time shipment tracking and AI-powered estimated time of arrival (ETA) for carriers and shippers across road, ocean and air sectors.
Trimble (NASDAQTRMB) and Platform Science announced today they are partnering to transform the transportation industry through a definitive agreement for Platform Science to acquire Trimble’s global transportation telematics business units. As part of this agreement, Trimble will become a shareholder in Platform Science’s expanded business.
