Trimble Navigation Ltd. (TRMB) reported second quarter EPS of $0.31 Wednesday morning, down from the $0.49 reported last year. The consensus estimate was for EPS of $0.32. The company expects to report third quarter EPS of $0.25, which is below the consensus estimate of $0.27.
Shares of Trimble Navigation rose sharply throughout the first half hour of Wednesday's session, before settling into a range. The stock closed up by $2.61 at $23.93 on strong volume. Trimble Navigation climbed above resistance and set nearly a 10-month high.
For comments and feedback: editorial@rttnews.com