BUZZ - Trimble shares fall due to missed Q3 revenue expectations and slowing ARR growth

November 4 - ** Navigation equipment manufacturer Trimble (TRMB.O) saw its share price fall 9.6% in premarket trading to $59.28

** (link) Reported third quarter revenue of $966.8 million, below analysts' expectations of $972.6 million

** The company expects fiscal 2026 revenue to be between $3.91 billion and $3.94 billion, previously forecast at $3.90 billion to $3.95 billion

** The report shows that third quarter annual recurring revenue grew 11% year-on-year, down from 14% in the previous quarter

** Out of 15 brokerages, 14 rate the stock as "buy" or higher, and one rates it as "hold"; the median target price is $76 — LSEG data

** As of the close of the previous trading day, the stock had fallen 16.3% year to date

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