TECH - Advanced Manufacturing and Factory Automation Company Trimble Stock Slides After Q1 Print What's Going On? | Benzinga
Trimble Inc (NASDAQ:TRMB) reported a fiscal first-quarter 2024 revenue growth of 4% to $953.30 million, beating the consensus of $912.53 million. Revenue growth was flat Y/Y on an organic basis.
The adjusted EPS of $0.64 beat the consensus of $0.62. The stock price gained after the results in the premarket session, only to fall after the market opened.
Annualized recurring revenue was $2.03 billion, up 23% Y/Y on an organic basis.
Product revenue declined ...