Stock Monitor: Huami Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want access to our free earnings report on Trimble Inc. (NASDAQ: TRMB), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TRMB. The Company reported its first quarter fiscal 2018 operating and financial results on May 07, 2018. The GPS manufacturer outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the upcoming quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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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 our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, Trimble generated revenues of $742.2 million, up 22% compared to $610.6 million in Q1 2017. The Company's revenue numbers exceeded analysts' estimates of $720 million.

During Q1 2018, Trimble's Buildings and Infrastructure revenues jumped 20% to $224.7 million on a y-o-y basis compared to $186.5 million in Q1 2017. The Company's Geospatial revenues were $174.5 million in the reported period, up 17% compared to $149.6 million in the year ago same period. Trimble's Resources and Utilities revenues surged 32% to $159.2 million in Q1 2018 versus $120.2 million in Q1 2017. The Company's Transportation revenues advanced 19% to $183.8 million on a y-o-y basis in Q1 2018 from $154.3 million in Q1 2017.

For Q1 2018, Trimble's GAAP operating income advanced 17% to $64.2 million compared to $54.7 million in Q1 2017. The Company's GAAP operating margin was 8.6% of revenues in the reported quarter versus 9.0% of revenues in the year earlier comparable quarter. Trimble's non-GAAP operating income surged 30% to $139.5 million on a y-o-y basis in Q1 2018, and its non-GAAP operating margin came in at 18.8% of revenues compared to 17.6% of revenues in Q1 2017.

Trimble's GAAP tax rate was 12% in Q1 2018 compared to 22% in Q1 2017, while its non-GAAP tax rate was 19% in the reported quarter compared to 23% in the prior year's corresponding quarter.

Trimble reported a GAAP net income of $58.5 million, or $0.23 per diluted share, in Q1 2018 compared to $49.8 million, or $0.19 per diluted share, in Q1 2017. The Company posted a non-GAAP net income of $112.5 million, or $0.44 per diluted share, in the reported quarter versus $83.3 million, or $0.33 per diluted share, in the year earlier same quarter. Trimble's earnings beat Wall Street's estimates of $0.40 per share.

Cash Matters

Trimble's operating cash flow totaled $82.9 million in Q1 2018, down 20% compared to $104.0 million in Q1 2017. The Company's deferred revenues advanced 19% to $360.4 million on a y-o-y basis.

During Q1 2018, Trimble repurchased approximately 1.3 million shares of its common stock for $50.0 million. The Company had approximately $392 million remaining under its current share repurchase authorization as of the end of the reported quarter.

Outlook

For the second quarter of the fiscal year 2018, Trimble is forecasting revenues to be between $755 million and $785 million, with GAAP earnings per share (EPS) of $0.21 to $0.26, and non-GAAP EPS of $0.42 to $0.46. The Company's GAAP guidance assumes a tax rate of 15%, while its non-GAAP guidance assumes a tax rate of 19%.

Stock Performance Snapshot

June 07, 2018 - At Thursday's closing bell, Trimble's stock slightly advanced 0.66%, ending the trading session at $35.04.

Volume traded for the day: 1.32 million shares, which was above the 3-month average volume of 1.22 million shares.

Stock performance in the last month ? up 0.01%

After yesterday's close, Trimble's market cap was at $8.72 billion.

Price to Earnings (P/E) ratio was at 41.71.

The stock is part of the Technology sector, categorized under the Scientific & Technical Instruments industry.

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