Trimble Shares Down 13% Since Q3 Announcement
<p><a href='https://financialmodelingprep.com/financial-summary/TRMB'>Trimble (NASDAQ:TRMB)</a> shares fell around 13% since the company’s reported mixed Q3 results on Wednesday. EPS came in at $0.66, in-line with the expectations, while revenue of $884.9 million missed the Street estimate of $912.59 million. </p>
<p>ARR growth of 13% (up 16% organic) accelerated in the quarter, supporting 120bps of gross margin expansion quarter-over-quarter. While mindful of macro crosswinds, this quarter's performance reflects the value of the company's intentional portfolio shift toward more resilient earnings power across the cycle.</p>
<p>The company provided its fiscal 2022 outlook, expecting EPS to be in the range of $2.61-$2.67, compared to the Street estimate of $2.75. Full-year revenue is expected in the range of $3.665-3.715 billion, compared to the Street estimate of $3.782 billion.</p>

NASDAQ:TRMB