WISA - US Stocks Mixed; Trimble Issues Weak Outlook | Benzinga
U.S. stocks traded mixed this morning, with the Dow Jones index falling around 20 points on Monday.
Following the market opening Monday, the Dow traded down 0.05% to 38,651.80 while the NASDAQ rose 0.09% to 16,004.39. The S&P 500 also rose, gaining, 0.01% to 5,026.74.
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Leading and Lagging Sectors
Energy shares rose by 0.8% on Monday.
In trading on Monday, health care shares fell by 0.3%.
Top Headline
Trimble Inc (NASDAQ: TRMB) reported upbeat earnings for its fourth quarter, but issued weak forecast for the first quarter.
Trimble reported a fourth-quarter FY23 revenue growth of 9% to $932.40 million, beating the consensus of $909.53 million. Revenue grew by 3% Y/Y on an organic basis. The adjusted EPS of $0.63 beat the consensus of $0.59.
Trimble said it anticipates fiscal 2024 revenue of $3.57 billion – $3.67 billion, below the consensus of $3.84 billion. It also expects adjusted EPS of $2.60 – $2.80 against ...