Trimble Looking Nimble

Shares rise on an earnings beat.
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Trimble (TRMB) - Get Report rose 5% after the maker of navigation devices beat third-quarter targets.

The Sunnyvale, Calif., company made $25 million, or 43 cents a share, for the quarter ended Sept. 29. That's up from the year-ago $20 million, or 35 cents a share. Revenue rose to $235 million from $188 million a year earlier.

Excluding certain costs, earnings rose to 50 cents a share from 37 cents a year earlier.

Analysts were looking for a 47-cent profit on sales of $222 million.

"The Mobile Solutions segment continues to demonstrate rapid development with accompanying improvements in financial performance," said CEO Steven W. Berglund. "We believe Trimble should continue to exhibit solid performance in the fourth quarter of 2006 and into 2007."

The company said it expects to make 40 to 43 cents a share for the fourth quarter on an adjusted basis, on revenue of $220 million to $225 million. Analysts were looking for 42 cents on revenue of $217 million.

Shares rose $2.39 to $46.59.