Trimble Navigation Ltd. (TRMB) Tuesday reported first-quarter profit of $48.93 million, down from $50.07 million in the same period last year. Net income attributable to the company dropped to $49.81 million or $0.19 per share from $50.82 million or $0.20 per share last year.
Adjusted earnings for the quarter was $97.9 million or $0.38 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $556.11 million from $502.27 million last year. Analysts expected revenues of $578.32 million.
Looking ahead to the second quarter, the company has forecast earnings in the range of $0.18 to $0.20 per share, with adjusted earnings in the order of $0.36 to $0.38 per share. Revenues are expected to range between $570 million and $580 million.
Analysts currently expect the company to earn $0.40 per share on revenues of $597.11 million for the second quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.