Trimble Inc. (NASDAQ:TRMB) stock observed trading -15.03% off 52-week high price. On the other end, the stock has been noted 32.10% away from low price over the last 52-weeks. The stock disclosed a move of 2.74% away from 50 day moving average and -1.93% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.90% off 20-day moving average. It has market cap of $9895.35M .
On Oct. 30, 2019, Trimble Inc. (NASDAQ:TRMB) notified financial results for the third quarter of 2019.
Third Quarter 2019 Financial Summary
Third quarter 2019 GAAP revenue of $783.9 million was down 1 percent as compared to the third quarter of 2018. Third quarter 2019 non-GAAP revenue of $784.3 million was down 3 percent as compared to the third quarter of 2018.
Buildings and Infrastructure revenue was $309.8 million, up 5 percent. Geospatial revenue was $155.1 million, down 16 percent. Resources and Utilities revenue was $121.1 million, down 9 percent. Transportation revenue was $198.3 million, up 4 percent. Segment revenues reflect the results of Trimble’s reportable segments under its management reporting system and are non-GAAP measures.
GAAP operating income was $91.7 million, up 18 percent as compared to the third quarter of 2018. GAAP operating margin was 11.7 percent of revenue as compared to 9.7 percent of revenue in the third quarter of 2018.
GAAP net income was $78.1 million, up 6 percent as compared to the third quarter of 2018. GAAP diluted earnings per share were $0.31 as compared to GAAP diluted earnings per share of $0.29 in the third quarter of 2018.
Non-GAAP operating income of $162.0 million was down 3 percent as compared to the third quarter of 2018. Non-GAAP operating margin was 20.7 percent of revenue as compared to 20.8 percent of revenue in the third quarter of 2018.
Non-GAAP net income of $121.1 million was down 3 percent as compared to the third quarter of 2018. Non-GAAP diluted earnings per share were $0.48 as compared to non-GAAP diluted earnings per share of $0.49 in the third quarter of 2018.
The GAAP tax rate for the quarter was an expense of 1 percent as compared to a benefit of 15 percent in the third quarter of 2018, and the non-GAAP tax rate was both 19 percent in the third quarter of 2019 and 2018.
The USA based company Trimble Inc. moved with change of -0.66% to $39.3 with the total traded volume of 1490468 shares in recent session versus to an average volume of 1137.05K. The stock was observed in the 5 days activity at 1.26%. The one month performance of stock was 4.05%. TRMB’s shares are at 3.07% for the quarter and driving a 9.56% return over the course of the past year and is now at 19.42% since this point in 2018. Right now the stock beta is 2.02. The average volatility for the week and month was at 1.90% and 2.08% respectively. There are 251.79M shares outstanding and 250.59M shares are floated in market.
Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.
