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Trimble Navigation up 5.7% on Strong Earnings and Guidance

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Trimble Navigation Limited (NASDAQ: TRMB) is trading higher on the session following its Q4 earnings announcement yesterday. The company reported EPS of $0.54 vs $0.48 estimate and revenues of $435.20 million vs $419.10 million estimate. Trimble Navigation also guided Q1 EPS $0.61-0.63 vs $0.58 estimate and revenues of $477-482 million vs $453.20 million estimate.

Trimble's president and CEO Steven Berglund said: "Our performance in the fourth quarter capped a strong year which exceeded our original expectations. We carry this momentum with us into 2012 which, subject to worldwide economic conditions, is expected to be another strong year."

The sharers of Trimble Navigation are currently trading at $50.90, a gain of $2.76 or 5.73%.

 

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