Trimble Inc. (NASDAQ: TRMB), a provider of navigation systems and data collection systems, on Monday reported an increase in revenues and adjusted earnings for the fourth quarter of 2023.
- Fourth-quarter revenue increased 9% year-over-year to $932.4 million; moved up 3% on an organic basis
- Annualized recurring revenue came in at $1.98 billion, up 24% year-over-year and 13% on an organic basis
- Q4 operating income was $96.9 million, on a reported basis, representing 10.4% of total revenue
- Unadjusted net income decreased to $63.0 million or $0.25 per share in Q4 from $85.6 million or $0.34 per share last year
- On an unadjusted basis, net income rose to $0.63/share during the three months, from $0.60 per share in Q4 2022
- For fiscal 2024, Trimble expects to report revenue between $3,570 million and $3,670 million
- It is looking for full-year non-GAAP EPS of $2.60 to $2.80, which assumes a tax rate of 17.5% and 243 million shares outstanding
- For the first quarter of 2024, the company expects to report revenue between $905 million and $935 million
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024
