Baird Upgrades Trimble Navigation (TRMB) to Outperform

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Go back to Baird Upgrades Trimble Navigation (TRMB) to Outperform

Trimble Reports Third Quarter 2015 Results

October 29, 2015 4:07 PM EDT

SUNNYVALE, Calif., Oct. 29, 2015 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced financial results for the third quarter of 2015.

Third Quarter 2015 Financial Summary

Third quarter 2015 revenue of $562.3 million was down 4 percent as compared to the third quarter of 2014, and was approximately flat on a constant currency basis. Engineering and Construction revenue was $326.4 million, down 5 percent. Field Solutions revenue was $73.5 million, down 17 percent. Mobile Solutions revenue was $131.6 million, up 9 percent. Advanced Devices revenue was $30.8 million, down 6 percent.

GAAP operating income was $46.0 million, up 314 percent as compared to the third... More