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Trimble: Q2 Earnings Snapshot

August 5, 2022 GMT

SUNNYVALE, Calif. (AP) _ Trimble Navigation Ltd. (TRMB) on Friday reported second-quarter net income of $168 million.

On a per-share basis, the Sunnyvale, California-based company said it had net income of 67 cents. Earnings, adjusted for one-time gains and costs, came to 64 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The GPS manufacturer posted revenue of $941.2 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $923.4 million.

Trimble expects full-year earnings in the range of $2.70 to $2.80 per share, with revenue in the range of $3.76 billion to $3.82 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRMB at https://www.zacks.com/ap/TRMB