Despite Slowing Economy Trimble Hits Home Run in Q1
When word first started trickling in that the U.S. and global economies were slowing, Trimble (TRMB) saw its stock begin to slide and shed almost 46% of its value since its high of $43/share in the fall of 2007. But on news of its Q1 numbers, the company hit a home run showing a 24% gain over Q1 last year. Diving into the press release shows that indeed its engineering and construction business has shown some weakness but still grew 11%. Its mobile and field divisions saw the most impressive gains with 47% and 73%, respectively, two of the sweet spots for geospatial technology. The best news was that it is not forecasting any change to its original 2008 outlook.
by Joe Francica on 04/25 at 01:21 PM |
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