US Stocks Mixed; Trimble Issues Weak Outlook



U.S. stocks traded mixed this morning, with the Dow Jones index falling around 20 points on Monday.

Following the market opening Monday, the Dow traded down 0.05% to 38,651.80 while the NASDAQ rose 0.09% to 16,004.39. The S&P 500 also rose, gaining, 0.01% to 5,026.74.

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Leading and Lagging Sectors


Energy shares rose by 0.8% on Monday.

In trading on Monday, health care shares fell by 0.3%.


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Trimble Inc (NASDAQ: TRMB) reported upbeat earnings for its fourth quarter, but issued weak forecast for the first quarter.

Trimble reported a fourth-quarter FY23 revenue growth of 9% to $932.40 million, beating the consensus of $909.53 million. Revenue grew by 3% Y/Y on an organic basis. The adjusted EPS of $0.63 beat the consensus of $0.59.

Trimble said it anticipates fiscal 2024 revenue of $3.57 billion – $3.67 billion, below the consensus of $3.84 billion. It also expects adjusted EPS of $2.60 – $2.80 against …

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