Trimble reports Q3 adjusted EPS 68c, consensus 61c

Reports Q3 revenue $957.3M, consensus $967.44M. “Record annualized recurring revenue of $1.94 billion and record gross margin of 65.0% in this third quarter demonstrate progression of the Connect & Scale strategy,” said Rob Painter, Trimble’s president and chief executive officer. “In an increasingly difficult macroeconomic environment, we continue to simplify and focus our business to execute to our full potential.”