Trimble reports Q2 EPS 64c, consensus 59c

Reports Q2 revenue $993.6M, consensus $974.2M. “Record annualized recurring revenue of $1.88 billion and gross margin of 64.2 percent in the second quarter demonstrates execution of our Connect and Scale strategy,” said Rob Painter, Trimble’s president and chief executive officer. “Our second quarter results demonstrate how Trimble technology enhances productivity and sustainability outcomes for our customers.”