Wednesday, July 31, 2013

Trimble Navigation Limited (TRMB) Reports 2Q'13 Results

Trimble Navigation Limited (TRMB) reported 2Q'13 results and the CEO started off the conference call with the following:
Good afternoon. The issues that impacted us in the first quarter remained with us in the second quarter. These revolved around inconsistent market conditions in multiple regions, deferrals of investment due to continuing economic uncertainty, harsh weather and confusion around government funding sources.

I liked hearing the following with respect to the company's three-year outlook.

We're still rock solid on the idea that we're an organic double-digit growth company.

TRMB closed yesterday (02013.07.30) at $28.02. It opened down today at $27.43. Right now at 8:30am MST it is at $28.29. 52-week range: $21.60 - 332.03.

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