Trimble (TRMB) Misses Q2 EPS by 1c, Offers Q3 Guidance

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Trimble Reports Second Quarter 2016 Results

August 2, 2016 4:06 PM EDT

SUNNYVALE, Calif., Aug. 2, 2016 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced financial results for the second quarter of 2016.

Second Quarter 2016 Financial Summary

Second quarter 2016 revenue of $609.6 million was up 4 percent as compared to the second quarter of 2015. Engineering and Construction revenue was $351.2 million, up 4 percent. Field Solutions revenue was $87.1 million, approximately flat. Mobile Solutions revenue was $138.1 million, up 8 percent. Advanced Devices revenue was $33.2 million, up 4 percent. Foreign currency translation had a neutral impact on company revenue compared to the second quarter of 2015. 

GAAP operating income was $40.5 million, up... More