Needham & Company Upgrades Trimble Navigation (TRMB) to Buy

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Trimble Reports Fourth Quarter and Full Year 2015 Results

February 9, 2016 4:06 PM EST

SUNNYVALE, Calif., Feb. 9, 2016 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced fourth quarter and fiscal year end 2015 results.

Fourth Quarter 2015 Financial Summary

Fourth quarter 2015 revenue of $559.7 million was down 1 percent as compared to the fourth quarter of 2014. Engineering and Construction revenue was $319.1 million, down 3 percent. Field Solutions revenue was $79.4 million, down 2 percent. Mobile Solutions revenue was $132.2 million, up 7 percent. Advanced Devices revenue was $29.0 million, down 5 percent. Foreign currency translation unfavorably impacted company revenue by approximately 3 percent as compared to the fourth quarter of 2014.

GAAP operating income was $32.9 million,... More