Trimble Navigation Ltd. (TRMB) reported fourth quarter non-GAAP EPS of $0.54 after the close Thursday, compared to $0.46 in the prior year period. The consensus estimate was for EPS of $0.48. The company expects to report first quarter non-GAAP EPS of $0.61 to $0.63, compared to the consensus estimate of $0.58. The stock is now up 6.59 on 14K shares.
Trimble Navigation posted modest gains in early trade Thursday, but settled into a range for the majority of the session. The stock closed up by 0.55 at $48.14 and set a 9-month high.
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