Trimble (TRMB) Misses Q1 EPS by 3c, Guides
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Trimble Reports First Quarter 2016 Results
April 28, 2016 4:07 PM EDTSUNNYVALE, Calif., April 28, 2016 /PRNewswire/ --Â Trimble (NASDAQ: TRMB) today announced financial results for the first quarter of 2016.
First Quarter 2016 Financial Summary
First quarter 2016 revenue of $583.0 million was flat as compared to the first quarter of 2015. Engineering and Construction revenue was $309.8 million, up 4 percent. Field Solutions revenue was $106.0 million, down 8 percent. Mobile Solutions revenue was $136.3 million, up 6 percent. Advanced Devices revenue was $30.9 million, down 22 percent. Foreign currency translation unfavorably impacted company revenue by approximately 1 percent as compared to the first quarter of 2015.Â
GAAP operating income was $29.9 million, down... More
