07:47 AM EDT, 08/06/2024 (MT Newswires) -- Trimble (TRMB) reported Q2 adjusted earnings Tuesday of $0.62 per share, down from $0.64 a year earlier.

Analysts polled by Capital IQ expected $0.58.

Revenue for the quarter was $870.8 million, compared with $993.6 million a year earlier.

Analysts surveyed by Capital IQ estimated $862.5 million.

The company said it expects Q3 adjusted EPS of $0.58 to $0.64 on revenue of $840 million to $880 million. Analysts polled by Capital IQ expect adjusted EPS of $0.63 on revenue of $871.1 million.

For full-year 2024, the company now expects adjusted EPS of $2.67 to $2.81 on revenue of $3.59 billion to $3.67 billion. That compares with the company's prior outlook of $2.60 to $2.80 in adjusted EPS on revenue of $3.57 billion to $3.67 billion. Analysts surveyed by Capital IQ expect adjusted EPS of $2.73 on revenue of $3.63 billion.

Shares of Trimble rose more than 6% in Tuesday premarket activity.

Price: 53.21, Change: +3.39, Percent Change: +6.80