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Advanced Manufacturing and Factory Automation Company Trimble Stock Slides After Q1 Print, What's Going On?

Trimble Inc (NASDAQ:TRMB) reported a fiscal first-quarter 2024 revenue growth of 4% to $953.30 million, beating the consensus of $912.53 million. Revenue growth was flat Y/Y on an organic basis. The adjusted EPS of $0.64 beat the consensus of $0.62. The stock price gained after the results in the premarket session, only to fall after the market opened. Annualized recurring revenue was $2.03 billion, up 23% Y/Y on an organic basis. Product revenue declined 15.5% Y/Y to $367.1 million. Subscriptio
Factory Automation Company Trimble Stock Slides After Trimble Inc Rob Painter Procure Space Emergent Food And Agtech Multisector Stock Market Game
Source: yahoo.com

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Garmin's Advanced Wearables Are In Demand, Surprises With Q1 Profit Growth

Garmin Ltd (NYSE:GRMN) reported fiscal first-quarter 2024 revenue growth of 20% year-on-year to $1.38 billion, beating the consensus of $1.25 billion. The GPS navigation and wearable technology company's proforma EPS of $1.42 beat the consensus of $1.01. Segments: Revenue from Fitness grew by 40% year over year to $342.89 million, with growth across all categories led by strong demand for advanced wearables. Outdoor revenue improved by 11% year over year to $366.19 million, primarily due to...
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Source: yahoo.com

Short Interest in Procure Space ETF (NASDAQ:UFO) Expands By 33,448.4%

Procure Space ETF (NASDAQ:UFO – Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,040,000 shares, a growth of 33,448.4% from the March 15th total of 3,100 shares. Based on an average trading volume of 218,800 shares, the days-to-cover ratio […]
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