Trimble (TRMB) reported Q1 non-GAAP net income Wednesday of $0.61 per diluted share, down from $0.64 a year earlier.
Analysts polled by FactSet expected $0.58.
Revenue for the quarter ended March 31 was $840.6 million, down from $953.3 million a year earlier.
Analysts surveyed by FactSet expected $810.9 million.
Trimble said it expects Q2 non-GAAP earnings of $0.59 to $0.65 per share. Analysts surveyed by FactSet expect $0.61. Revenue for the quarter is projected to be $815 million to $845 million, the company said. Analysts polled by FactSet expect $824.5 million.
The company said it continues to expect 2025 non-GAAP earnings of $2.76 to $2.98 per share on revenue of $3.37 billion and 3.47 billion. Analysts surveyed by FactSet expect $2.87 and $3.42 billion, respectively.
The company's shares were up 2.7% in recent premarket activity on Wednesday.
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