Trimble Non-GAAP EPS of $0.64 beats by $0.04, revenue of $993.6M beats by $20.86M
- Trimble press release (NASDAQ:TRMB): Q2 Non-GAAP EPS of $0.64 beats by $0.04.
- Revenue of $993.6M (+5.6% Y/Y) beats by $20.86M.
- Record annualized recurring revenue of $1.88 billion, up 14 percent on an organic basis
- For the full-year 2023, Trimble now expects to report revenue between $3,845 million and $3,925 million, GAAP EPS of $1.22 to $1.37, and non-GAAP EPS of $2.57 to $2.73. The full-year 2023 GAAP EPS assumes a tax rate of 18.0 percent, and the non-GAAP EPS assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP EPS assume approximately 250 million shares outstanding.
- For the third quarter of 2023, Trimble expects to report revenue between $945 million and $985 million, GAAP EPS of $0.20 to $0.27, and non-GAAP EPS of $0.56 to $0.64. The third quarter of 2023 GAAP EPS assumes a tax rate of 18.0 percent and the non-GAAP EPS assumes a tax rate of 17.3 percent. Both GAAP and non-GAAP EPS assume approximately 250 million shares outstanding.