Trimble Inc. TRMB reported first-quarter 2019 non-GAAP earnings of 45 cents per share, missing the Zacks Consensus Estimate by 1 cent. The figure came in line compared with the year-ago quarter figure basis but decreased 6.2% sequentially.Per the company, non-GAAP revenues increased 8% year over year and 1.5% on a sequential basis to $804.5 million. Moreover, the company’s GAAP revenues came in $801.6 million, up 8% from the prior-year quarter and 2% from the previous quarter.The top line was primarily driven by strong performance of transportation and, buildings and infrastructures segments during the reported quarter.Product revenues (60.9% of GAAP revenues) came in $488.4 million, down 1.9% on a year-over-year basis. Services revenues (19.9% of revenues) came in $159.2 million, up 23.6% year over year. Subscription revenues (19.2% of revenues) increased 33.2% from the year-ago quarter to $154 million.We note that trade tensions and softness in China remained concerns for the company during the first quarter.Coming to price performance, the shares of Trimble have gained 17.8% in a year, outperforming the industry’s rally of 3.%.We note that the company’s acquisition strength remains a major positive and is likely to aid the stock to rebound in the long haul.Segments in DetailBuildings and Infrastructure: This segment generated $294.7 million sales, accounting for 36.6% of the company’s non-GAAP revenues, growing 29.7% on a year-over-year basis. Notably, strong performance by building and civil construction businesses of the company drove year-over-year sales in this segment. Further, continued benefits from e-Builder and Viewpoint buyouts contributed well. Moreover, growing subscription bookings aided the top-line growth within the segment.Geospatial: Sales from this segment were $161.2 million, accounting for 20% of total revenues. The figure decreased 7.6%, compared with the year-ago quarter primarily owing to trade tensions between the United States and China. Macro-economic headwinds in China led to slowdown in OEM demand which impacted the top-line growth negatively within this segment.Resources and Utilities: The segment generated sales of $159.5 million, accounting for 19.9% of total revenues. The figure was flat on a year-over-year basis. This segment was hurt by the ongoing trade dispute between the United States and China which resulted in sluggish spending by U.S. farmers. This in turn led to a weakened U.S. agriculture market. However, this was offset by growth in strong hold in other regions.Transportation: Sales from this segment went up 2.8% to $189.1 million, accounting for 23.5% of total revenues. Robust performance by Trimble’s mapping, navigation and truck routing businesses drove the top-line within this segment.Trimble Inc. Price, Consensus and EPS Surprise Trimble Inc. Price, Consensus and EPS Surprise | Trimble Inc. QuoteOperating DetailsIn the first quarter, non-GAAP gross margin came in at 58%, expanding 90 bps year over year. The increase can be attributed to favorable product mix and strong cost control strategies.Adjusted operating expenses accounted for 39% of non-GAAP revenues, expanding 100 bps compared with the year-ago quarter.Non-GAAP operating margin came in at 19%, remaining flat year over year.Balance Sheet & Cash FlowAs of Mar 30, 2018, cash and cash equivalents were $216.7 million, up from $172.5 million as of Dec 31, 2018. Inventories were $303.7 million, increasing from $298 million in the previous quarter.Long-term debt was $1.65 billion at the end of first quarter, compared with $1.71 billion at the end of the fourth quarter.Cash flow from operations was $147.6 million in the reported quarter, declining from $102 million in the last reported quarter.Additionally, the company repurchased shares worth $40 million in the reported quarter.GuidanceFor second-quarter 2018, Trimble anticipates non-GAAP earnings between 52 cents and 56 cents per share. The Zacks Consensus Estimate for earnings is pegged at 54 cents per share.The company expects non-GAAP revenues between $850 million and $880 million. Further, GAAP revenues are anticipated to lie within the range of $849 million to $879 million. The Zacks Consensus Estimate for revenues is projected at $864.4 million.Zacks Rank and Other Stocks to ConsiderCurrently, Trimble carries a Zacks Rank #2 (Buy).A few other top-ranked stocks in the broader technology sector are ACI Worldwide, Inc. ACIW, Avid Technology, Inc. AVID and Agilent Technologies, Inc. A. While ACI Worldwide and Avid Technology currently sports a Zacks Rank #1 (Strong Buy), Agilent Technologies carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth for ACI Worldwide, Avid Technology and Agilent Technologies is projected at 12%, 10% and 11.75%, respectively.Zacks' Top 10 Stocks for 2019In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.See Latest Stocks Today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avid Technology, Inc. (AVID): Free Stock Analysis Report ACI Worldwide, Inc. (ACIW): Free Stock Analysis Report Trimble Inc. (TRMB): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research