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Tech earnings guidance: Trimble, Oclaro, Jive Software

  • Trimble (TRMB) expects Q2 revenue of $605M-$630M and EPS of $0.38-$0.42, below a consensus of $645.8M and $0.45. The company blames its Q1 miss on North American agriculture weakness. Shares -8.3% AH. (Q1 results, PR)
  • Oclaro (OCLR) expects FQ4 revenue of $90M-$100M, below a $103.8M consensus. Gross margin is expected to be in a range of 12%-16% vs. an FQ3 level of 12%, which missed guidance of 13%-17% - Oclaro blames "product rationalization and ramp decisions made during the quarter and issues related to management of [its] contract manufacturers." Shares -12.8% AH. (FQ3 results, PR)
  • JIVE Software expects Q2 revenue of $41.5M-$42.5M and EPS of -$0.10 to $0.12 vs. a consensus of $41.9M and -$0.11. Full-year guidance is for revenue of $171M-$176M and EPS of -$0.38 to -$0.45 vs. a consensus of $172.6M and -$0.44. Full-year free cash flow is expected to be in a range of -$15M to -$20M. Shares +5.4% AH, aided by low expectations. (Q1 results, PR)
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