Trimble (TRMB) Reports In-Line Q2 EPS, Q3 Guidance Misses

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Trimble Reports Second Quarter 2015 Results

August 4, 2015 4:05 PM EDT

SUNNYVALE, Calif., Aug. 4, 2015 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced financial results for the second quarter of 2015.

Second Quarter 2015 Financial Summary

Second quarter 2015 revenue of $585.8 million was down 9 percent as compared to the second quarter of 2014. Engineering and Construction revenue was $338.5 million, down 8 percent. Field Solutions revenue was $87.1 million, down 24 percent. Mobile Solutions revenue was $128.3 million, up 4 percent. Advanced Devices revenue was $31.9 million, down 13 percent. Foreign currency translation unfavorably impacted company revenue by approximately 4 percent as compared to the second quarter of 2014.

GAAP operating income was $36.0... More