BUZZ-Trimble up after upbeat Q1 forecasts, Q4 results on strong demand

Shares of analytics and software firm Trimble TRMB.O rise as much as 2.3% to $76.88

Trimble forecasts Q1 revenue largely above estimates after beating Q4 revenue, profit expectations on strong demand for its software and hardware offerings

Sees Q1 revenue between $794 million and $824 million, vs estimates of $804.4 million - data compiled by LSEG

Also forecasts Q1 adjusted EPS of 55 cents to 61 cents vs. estimates of 60 cents

Reports Q4 revenue of $983.4 million, vs. estimates of $944.4 million and adjusted EPS of 89 cents compared to estimates of 88 cents

Company also sees annual revenue between $3.37 billion and $3.47 billion, compared to estimates of $3.43 billion, and adjusted EPS between $2.76 and $2.98 vs. estimates of $2.89

TRMB rose 33% in 2024