Trimble Q2 Revenue Spikes 14%, But Industry Woes Impact Hardware Sales
Trimble Q2 Revenue Spikes 14%, But Industry Woes Impact Hardware Sales
Annualized recurring revenue was $2.11 billion, up 14% Y/Y on an organic basis.Trimble Inc (NASDAQ:TRMB) reported a fiscal second-quarter 2024 revenue decline of 12% to $870.8 million, beating the analyst consensus estimate of $862.5 million. Revenue growth was 1% year-over-year (Y/Y) on an organic basis.
天宝导航公司（NASDAQ：TRMB）报告称，2024财年第二季度营业收入为$870.8百万美元，同比增长1％（本机构基础上）。下降了12％，超过了分析师共识预期的$862.5百万美元。
The GPS navigation maker's adjusted EPS of 62 cents beat the analyst consensus estimate of $0.58.
这家GPS导航制造商的调整后每股收益为62美分，超过了分析师预期的0.58美元。
High interest rates and input costs have affected mobility and agriculture businesses, reducing the demand for hardware products and services from companies like Trimble, the Print reports.
据报道，高利率和原材料成本影响了移动和农业业务，从而降低了像天宝导航公司这样的公司对硬件产品和服务的需求。
Annualized recurring revenue was $2.11 billion, up 14% Y/Y on an organic basis.
年化重复收入为21.1亿美元，同比增长14％（本机构基础上）。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
Product revenue declined 34.7% Y/Y to $320.4 million. Subscription and services grew by 9.4% Y/Y to $550.4 million.
产品收入同比下降34.7％至$320.4百万，订阅和服务同比增长9.4％至$550.4百万。
The adjusted gross margin expanded by 230 bps to 66.5%.
调整后的毛利率扩大了230个基点，达到了66.5％。
Trimble held $944.1 million in cash and equivalents as of the second quarter of 2024.
截至2024年第二季度，天宝导航公司持有944.1百万元的现金和现金等价物。
FY24 Outlook: Trimble expects fiscal 2024 revenue of $3.59 billion–$3.67 billion (prior $3.57 billion–$3.67 billion), below the consensus of $3.63 billion.
FY24展望：天宝导航公司预计2024财年的营业收入为35.9亿-36.7亿美元（原35.7亿-36.7亿美元），低于共识的36.3亿美元。
It also maintained adjusted EPS of $2.60–$2.81 (prior $2.60–$2.80) against the Street view of $2.73.
它还维持了每股调整后的EPS为2.60-2.81美元（原2.60-2.80美元），与Wall Street的预期2.73美元持平。
Trimble expects third-quarter revenue of $840 million–$880 million (consensus $871.14 million) and adjusted EPS of $0.58–$0.64 (consensus $0.63). The third-quarter guide reflects weak demand for its products and services in a volatile economy.
Trimble预计第三季度营业收入为8400-8800万美元（共识预期为871.14万美元），调整后的EPS为0.58-0.64美元（共识预期为0.63美元）。第三季度指南反映了经济波动中其产品和服务的需求疲软。
Trimble stock lost 7% in the last 12 months.
过去12个月，Trimble股票下跌了7％。
Price Action: TRMB stock traded higher by 3.38% at $51.51 at the last check Tuesday.
股价表现：截至周二最后一次交易时，TRMB股票上涨了3.38％，至51.51美元。
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