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Tag: TRMB STOCK PRICE

Stock Investing

Reasons why investors should trust Trimble Inc. (TRMB) for the long-term      

Trimble Inc. (TRMB), which makes automation tools for agricultural and industrial equipment, released its first-quarter earnings last week. Record sales and positive expectations fueled the growth in quotes. On May 10, TRMB traded at $ 77.74. During the past quarter, Trimble was able to benefit from the recovery in its target markets. Revenue increased 12 % year-over-year to a record $ 886.5 million. Its recurring ARR revenue rose 9 % to $ 1.32 billion, its GAAP net income reached $114.5 million, and its earnings per common share reached $0.45. Operating cash flow increased 26 % to $ 744.5 million. Trimble