Why Trimble Stock Soared This Week
Trimble(TRMB) The Motley Fool·2024-02-16 12:44Shares in positioning and workflow technology company Trimble (TRMB 3.33%) rose by 14.5% in the week to Friday morning. The move comes after a well-received set of fourth-quarter earnings released on Monday.Challenging end markets, excellent executionSome of Trimble's end markets are currently challenging. For example, management referenced softness in agriculture, transportation, and residential construction on the recent earnings call. As such, its product revenue declined by $13 million to $403 million y ...