Trimble Inc. said its normalized net income for the fiscal third quarter ended Sept. 29 came to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.
EPS increased 19.8% year over year from 15 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $45.7 million, a gain of 22.0% from $37.4 million in the prior-year period.
The normalized profit margin rose to 6.8% from 6.4% in the year-earlier period.
Total revenue grew 14.7% on an annual basis to $670.0 million from $584.1 million, and total operating expenses increased 15.0% year over year to $602.5 million from $523.9 million.
Reported net income increased 49.4% year over year to $56.7 million, or 22 cents per share, from $38.0 million, or 15 cents per share.