Trimble Navigation Reports Strong Q4 Earnings, Exceeds Expectations

WESTMINSTER, Colo. - Trimble Navigation Ltd. (TRMB) announced its fourth-quarter financial results on Wednesday, revealing a significant rise in earnings and revenue.

Earnings:

* Net income: $90.2 million (36 cents per share)
* Adjusted EPS: 89 cents per share

Revenue:

* $983.4 million

Trimble's financial performance surpassed Wall Street expectations. Analysts surveyed by Zacks Investment Research had estimated EPS of 88 cents and revenue of $943.9 million.

Outlook:

For the current quarter ending March, Trimble projects EPS of 55-61 cents and revenue of $794-$824 million.

For the full year, the company anticipates EPS of $2.76-$2.98 and revenue of $3.37-$3.47 billion.

Additional Highlights:

* Annual profit: $1.5 billion ($6.09 per share)
* Annual revenue: $3.68 billion

Trimble's strong performance reflects its leadership in the GPS manufacturing industry. The company's financial results indicate continued growth and a positive outlook for the future.