Trimble reports Q2 EPS 62c, consensus 58c

Reports Q2 revenue $870.8M, consensus $862.5M. “Strong execution across our business resulted in revenue and EPS above the midpoint of guidance. ARR reached a record $2.11 billion and gross margin also achieved a record level,” said Rob Painter, Trimble’s president and chief executive officer. “Our second quarter results demonstrate how Trimble’s increased level of simplification and focus is delivering technology solutions to enhance customer productivity. We are raising our total year guidance, and we are excited to see Trimble innovation continue to transform the way the world works.”