Trimble Reports Rising Revenues, Net Income
Trimble [Nasdaq: TRMB], a Sunnyvale, Calif.-based supplier of GPS products, reported second quarter revenues of approximately $138.1 million, versus $123.3 million in the second quarter of 2002. For the third quarter, the company expects revenues will be between $129.0 million and $132.0 million, which represents a 12 percent to 15 percent increase over the third quarter of 2002.
The company reported a net income of $8.1 million, or 26 cents per share, for the second quarter. This compares favorably with a net income of $4.3 million, or 15 cents per share, for the same quarter in 2002.