Trimble (TRMB) Q2 Earnings Beat Estimates, Revenues Down Y/Y

Trimble (TRMB) delivered non-GAAP earnings of 62 cents per share in second-quarter 2024, surpassing the Zacks Consensus Estimate by 8.77% but declining 3.1% on a year-over-year basis. Revenues of $870.8 million beat the Zacks Consensus Estimate by 1.16% but declined 12.4% year over year (1% up on an organic basis). Product revenues (contributed 36.8% to total revenues) totaled$ 320.4 million, down 34.7% on a year-over-year basis. Subscription and services revenues (63.2% of total revenues) increased 9.4% ye ...