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Investing.com -- Trimble Inc. (NASDAQ:TRMB) reported better-than-expected first quarter results on Tuesday, as the technology company’s annualized recurring revenue (ARR) reached a record high. The stock edged up 1.2% following the earnings release.
The company posted adjusted earnings per share of $0.61, surpassing the analyst estimate of $0.58. Revenue for the quarter came in at $840.6 million, exceeding the consensus estimate of $811.4 million. While revenue declined 12% YoY, it increased 2% on an organic basis.
Trimble’s ARR hit $2.18 billion, up 7% YoY and 15% on an organic basis, reflecting the company’s ongoing execution of its Connect & Scale strategy. The strong ARR growth underscores the resilience of Trimble’s business model amid market uncertainties.
"We began the year with strong momentum, delivering a first quarter record annualized recurring revenue of $2.18 billion and surpassing expectations on both top and bottom lines," said Rob Painter, president and CEO of Trimble.
For the second quarter of 2025, Trimble expects revenue between $815 million and $845 million, compared to the consensus of $824.6 million. The company forecasts adjusted EPS of $0.59 to $0.65, bracketing the analyst estimate of $0.61.
Trimble maintained its full-year 2025 guidance, projecting revenue of $3.37 billion to $3.47 billion and adjusted EPS of $2.76 to $2.98. These ranges encompass the current analyst consensus estimates.
The company also reported significant share repurchases of $627.4 million during the quarter, demonstrating confidence in its financial position and commitment to returning value to shareholders.
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