Trimble (TRMB) Misses Q1 EPS by 2c, Q2 Guidance Falls Short

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Trimble Reports First Quarter 2015 Results

April 30, 2015 4:05 PM EDT

SUNNYVALE, Calif., April 30, 2015 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced financial results for the first quarter of 2015.

First Quarter 2015 Financial Summary

First quarter 2015 revenue of $582.6 million was down 4 percent as compared to the first quarter of 2014. Engineering and Construction revenue was $299.3 million, down 3 percent. Field Solutions revenue was $115.3 million, down 17 percent. Mobile Solutions revenue was $128.2 million, up 8 percent. Advanced Devices revenue was $39.8 million, up 3 percent. Foreign currency translation unfavorably impacted company revenue by approximately 4 percent as compared to the first quarter of 2014.

GAAP operating income was $39.5... More