Market Report

Trimble 1st quarter 2011 revenue up 20 percent

Trimble
Trimble

Trimble has announced its first quarter 2011 revenue of $384.3 million up 20 percent as compared to the first quarter of 2010. Operating income is $43.7 million, up 21 percent and the operating margin at 11.4 percent, almost flat compared to the first quarter of 2010.

Net income was $39.7 million, up 42 percent as compared to the first quarter of 2010. Diluted earnings per share in the first quarter of 2011 were $0.32 as compared to diluted earnings per share of $0.23 in the first quarter of 2010.

For the second quarter of 2011 Trimble expects revenue between $391 million and $396 million with GAAP earnings per share of $0.35 to $0.37 and non-GAAP earnings per share of $0.50 to $0.52.

Source:
Timble

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