Trimble's Strong Q3 Boosts Confidence

Trimble Incorporated, a technology company specializing in advanced positioning and data solutions, has seen an 8.5% stock gain over the past year, slightly trailing the S&P 500s 13.4% growth. Despite this, Trimbles Q3 results were robust, with a record gross margin of 68.9% and a 2.9% year-over-year revenue increase to $901.2 million, surpassing analyst expectations. Adjusted earnings per share rose 15.7% to $0.81, outpacing predictions by 12.5%. The companys fiscal 2025 guidance hike and positive analyst outlook, with a mean price target of $96.89, indicate a potential 22.9% upside from current levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.