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Trimble Q2 revenue down 9%

US: Trimble Navigation has reported its earnings for the second quarter of 2015. Compared to 2014 second quarter, Trimble’s revenue of $585.8 million this year is lagging by 9 percent. But, the California-based company has reported a profit of 10 cents per share. Earnings, adjusted for one-time gains and costs, come to 28 cents per share. Trimble president and CEO, Steven W. Berglund, says though challenges of agriculture, exchange rates, and oil price shock continue, the company was able to meet its revenue and profit expectations. Berglund also tells that a sharp pullback in the Chinese and Brazilian markets reflects investment uncertainty in both markets. For the third quarter, Trimble expects revenue to be between $535 million and $560 million. It should be noted that Trimble’s shares have declined 14 percent since the beginning of the year.

Source: Trimble