WESTMINSTER, Colo. (AP) — WESTMINSTER, Colo. (AP) — Trimble Navigation Ltd. (TRMB) on Wednesday reported first-quarter net income of $66.7 million.
The Westminster, Colorado-based company said it had profit of 27 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 61 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The GPS manufacturer posted revenue of $840.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $807.4 million.
For the current quarter ending in June, Trimble expects its per-share earnings to range from 59 cents to 65 cents.
The company said it expects revenue in the range of $815 million to $845 million for the fiscal second quarter.
Trimble expects full-year earnings in the range of $2.76 to $2.98 per share, with revenue ranging from $3.37 billion to $3.47 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRMB at https://www.zacks.com/ap/TRMB
