Trimble (TRMB) Tops Q3 EPS by 2c

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Trimble Reports Third Quarter 2016 Results

November 1, 2016 4:05 PM EDT

SUNNYVALE, Calif., Nov. 1, 2016 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced financial results for the third quarter of 2016.

Third Quarter 2016 Financial Summary

Third quarter 2016 revenue of $584.1 million was up 4 percent as compared to the third quarter of 2015. Engineering and Construction revenue was $332.4 million, up 2 percent. Field Solutions revenue was $77.9 million, up 6 percent. Mobile Solutions revenue was $138.5 million, up 5 percent. Advanced Devices revenue was $35.3 million, up 15 percent.

GAAP operating income was $55.3 million, up 20 percent as compared to the third quarter of 2015. GAAP operating margin was 9.5 percent of... More