Supply chain technology provider Trimble Inc. reported on Friday an 8% year-over-year (y/y) drop in transportation revenue to $150 million.
Trimble (NASDAQ: TRMB) reported total revenue of $941 million, a 0.4% decrease from the second quarter of 2021. This follows record revenue of $994 million in Q1.
The Sunnyvale, California-based company reported adjusted earnings per share of 63 cents, an 11% y/y decrease. Adjusted operating income decreased by nearly 8% y/y to $211 million.
Trimble is a...
https://www.freightwaves.com/news/trimbles-2nd-quarter-transportation-revenue-drops-8