e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
WESTMINSTER, Colo. - On Wednesday, Trimble Inc. (NASDAQ:TRMB) reported third-quarter earnings that exceeded analyst expectations and raised its full-year guidance, driven by record annualized recurring revenue and strong organic growth.
The technology company’s shares were up 4.33% in pre-market trading after the results.
The company reported adjusted earnings of $0.81 per share for the third quarter, significantly beating the analyst consensus of $0.72. Revenue came in at $901.2 million, surpassing the expected $870.64 million and representing a 3% increase YoY and 10% organic growth. Trimble’s annualized recurring revenue reached a record $2.31 billion, up 6% YoY and 14% on an organic basis.
"Trimble’s operational and financial momentum continued in the third quarter, delivering a record level of annualized recurring revenue of $2.31 billion, with results surpassing both top and bottom line expectations," said Rob Painter, president and CEO of Trimble.
The company achieved a record third-quarter gross margin of 68.9%, while adjusted EBITDA was $269.4 million, representing 29.9% of revenue. Non-GAAP operating income reached $254.2 million, or 28.2% of revenue.
Looking ahead, Trimble raised its full-year 2025 guidance, now expecting revenue between $3.545 billion and $3.585 billion, above the consensus of $3.52 billion. The company also increased its full-year EPS forecast to $3.04-$3.12, higher than the analyst estimate of $2.99.
For the fourth quarter, Trimble projects revenue between $927 million and $967 million with adjusted earnings per share of $0.91 to $0.99, compared to consensus estimates of $933.1 million and $0.95, respectively.
The company continued its share repurchase program, buying back $50 million in shares during the third quarter and $727.4 million year-to-date.
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