Trimble Q2 Adj. Profit Tops View; Issues Q3 Outlook

(RTTNews) - Trimble (TRMB) reported that its second-quarter net income attributable to company was $77.8 million or $0.29 per share, from $54.6 million or $0.21 per share in the prior year period.

Non-GAAP net income for the latest second quarter was $120.8 million or $0.45 per share, up from $98.6 million or $0.38 per share in the comparable quarter last year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.40 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased 11% to $642.20 million, from $576.29 million, while twelve analysts expected revenue of $621.23 million for the quarter.

For the third quarter of 2014, Trimble expects GAAP earnings per share in the range of $0.19 to $0.24, non-GAAP earnings per share of $0.35 to $0.40 and revenue in the order of $590 million to $610 million. Analysts expect the company to report third-quarter earnings per share of $0.41 on revenue of $615.50 million.