Trimble Q2 Earnings Outperform Expectations Amidst Resilient IoT Stocks.

Trimble's Q2 revenues were $875.7 million, flat YoY, exceeding analysts' expectations by 4.9%. The company reported record annualized recurring revenue of $2.21 billion and surpassed expectations on both the top and bottom lines. Rockwell Automation's Q2 revenues were $2.14 billion, up 4.6% YoY, outperforming analysts' expectations by 3.8%. The internet of things stocks tracked by the article reported a strong Q2, with revenues beating analysts' consensus estimates by 2.4%. Share prices have been resilient, up 9.9% on average since the latest earnings results.