Trimble Q1 EPS of $0.44 Beats Street View by $0.04 Per Share

Trimble Inc. (TRMB) late Monday reported non-GAAP Q1 net income of $0.44 per share, up from $0.33 per share during the first three months of 2017 and beating the Capital IQ consensus by $0.04 per share.

Revenue rose 22% year over year to $742.2 million during the three months ended March 31, also topping the $730.66 million analyst mean. The company’s buildings and infrastructure unit contributed $224.7 million of Q1 revenue, up 20% over the same quarter last year , while geospatial revenues climbed 17% year over year to $174.5 million. Resources and utilities revenue rose 32% to $159.2 million.

Looking forward, the company is projecting non-GAAP Q2 net income in a range of $0.42 to $0.46 per share on between $755 million to $785 million in revenue during the April-to-June reporting period. The Street is looking for the company to post earnings of $0.45 per share, ex items, on $782.5 million in revenue.

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