Trimble raises FY23 EPS view to $2.57-$2.73 from $2.52-$2.72, consensus $2.61

Narrows FY23 revenue view to $3.85B-$3.93B from $3.84B-$3.94B, consensus $3.87B. The company said, “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.”