Stock Monitor: Itron Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 01, 2017 / Active-Investors free earnings report on Trimble Inc. (NASDAQ: TRMB) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=TRMB. Trimble reported its third quarter fiscal 2017 operating results on October 26, 2017. The GPS manufacturer outperformed top- and bottom-line expectations and also provided guidance for the upcoming quarter. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.comis currently working on the research report for Itron, Inc. (NASDAQ: ITRI), which also belongs to the Technology sector as the Company Trimble. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Trimble most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

During Q3 2017, Trimble's revenue jumped 15% to $670.0 million compared to Q3 2016 revenue of $584.0 million in Q3 2016. The Company's revenue numbers surpassed analysts' expectations of $659.6 million.

During Q3 2017, Trimble's GAAP operating income was $64.0 million, up 16% compared to operating income of $55.3 million in Q3 2016. The Company's GAAP operating margin was 9.6% of revenue in the reported quarter compared to 9.5% of revenue in the prior year's corresponding quarter. Trimble's non-GAAP operating income of $123.6 million was up 12% on a y-o-y basis, while non-GAAP operating margin was 18.4% of revenue in the reported quarter compared to 19.0% in the prior year's same quarter.

Trimble's GAAP net income surged 42% to $55.7 million in Q3 2017 versus net income of $39.2 million in Q3 2016. The Company's diluted GAAP earnings per share were $0.22 in the reported quarter, up 47% compared to diluted GAAP earnings per share of $0.15 in the prior year's same quarter.

In Q3 2017, Trimble's non-GAAP net income of $99.6 million was up 19% on a y-o-y basis, while diluted non-GAAP earnings per share were $0.39 compared to diluted non-GAAP earnings per share of $0.33 in the year-ago comparable period. The Company's earnings exceeded Wall Street's estimates of $0.37 per share.

Trimble's Segment Results

During Q3 2017, the Buildings and Infrastructure segment's revenue advanced 13% to $214.5 million compared to revenue of $189.3 million in Q3 2016. The segment's operating margin in the reported quarter was 24.3% versus 21.6% in the year-earlier same quarter.

The Geospatial segment's revenue came in at $169.7 million for Q3 2017, reflecting growth of 6% on a y-o-y basis. The segment's operating margin totaled 21.6% versus 22.1% in the prior year's corresponding quarter.

For Q3 2017, the Company's Resources and Utilities business' revenue surged 31% to 114.4 million compared to $87.5 million in Q3 2016. Operating margin was 23.2% versus 28.8% in the year-ago same period. The Transportation division's revenue advanced 16% to $171.4 million on a y-o-y basis, while the segment's operating margin came in at 18.2% versus 18.0% in Q3 2016.

Cash Matters

Trimble's operating cash flow for the first three quarters of 2017 was $310.0 million, up 8% on a y-o-y basis. The Company's deferred revenue for the reported quarter was $326.7 million, up 11% compared to the year-ago same period.

During Q3 2017, Trimble completed the acquisitions of Müller-Elektronik and 10-4 Systems. The Company also repurchased approximately 2.2 million shares of its common stock for $84 million, and year-to-date has repurchased approximately 3.1 million shares for $111 million. Trimble had approximately $19 million remaining under its current share repurchase authorization as of the end of the third quarter.

Outlook

For Q4 2017 Trimble is forecasting revenue to be between $655 million and $685 million with GAAP earnings per share of $0.16 to $0.20 and non-GAAP earnings per share of $0.34 to $0.38.

Stock Performance Snapshot

November 30, 2017 - At Thursday's closing bell, Trimble's stock advanced 1.33%, ending the trading session at $41.99.

Volume traded for the day: 1.60 million shares, which was above the 3-month average volume of 975.92 thousand shares.

Stock performance in the last month ? up 2.72%; previous three-month period ? up 8.56%; past twelve-month period ? up 48.95%; and year-to-date ? up 39.27%

After yesterday's close, Trimble's market cap was at $10.59 billion.

Price to Earnings (P/E) ratio was at 55.54.

The stock is part of the Technology sector, categorized under the Scientific & Technical Instruments industry. This sector was up 0.4% at the end of the session.

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