NEW YORK (TheStreet) -- Shares of Trimble Navigation (TRMB - Get Report) were falling 13.9% to $26.21 Friday after missing analysts' estimates for earnings and revenue in the third quarter and guiding below estimates for the fourth quarter.
The scientific and technical instruments company reported earnings of 33 cents a share, missing the 38 cents a share analysts surveyed by Zacks Investment Research expected for the quarter by 5 cents. Revenue grew 5.1% year over year to $584.8 million for the quarter, below analysts' estimates of $603.5 million.
Trimble Navigation said it expects earnings of 26 cents to 32 cents a share and revenue of $560 million to $590 million for the fourth quarter. Analysts expect earnings of 41 cents a share and revenue of $635.8 million for the quarter.
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TheStreet Ratings team rates TRIMBLE NAVIGATION LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRIMBLE NAVIGATION LTD (TRMB) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: TRMB Ratings Report