Stock Story -
What Happened?
Shares of geospatial technology provider Trimble (NASDAQ:TRMB) jumped 17.3% in the morning session after the company reported strong third-quarter earnings, which blew past analysts' sales and profit expectations. Guidance was also strong as it raised its full-year EPS guidance. On the other hand, its organic revenue missed, but this quarter still had some key positives.Is now the time to buy Trimble? Find out by reading the original article on StockStory, it’s free.
What The Market Is Telling Us
Trimble’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. Moves this big are rare for Trimble and indicate this news significantly impacted the market’s perception of the business.Trimble is up 35.8% since the beginning of the year, and at $71.23 per share, has set a new 52-week high. Investors who bought $1,000 worth of Trimble’s shares 5 years ago would now be looking at an investment worth $1,775.