Investing.com - TomTom ADR reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TomTom ADR announced earnings per share of $-0.43 on revenue of $132.58M. Analysts polled by Investing.com anticipated EPS of $-0.0442 on revenue of $145.67M.
TomTom ADR shares are down 28% from the beginning of the year, still down 33.33% from its 52 week high of $5.40 set on January 12. They are under-performing the EUR/USD which is down 0% from the start of the year.
TomTom ADR follows other major Information Technology sector earnings this month
TomTom ADR's report follows an earnings beat by Taiwan Semiconductor on Thursday, who reported EPS of $1.53 on revenue of $17.87B, compared to forecasts EPS of $1.43 on revenue of $17.66B.
Adobe had beat expectations on June 16 with second quarter EPS of $3.35 on revenue of $4.39B, compared to forecast for EPS of $3.31 on revenue of $4.34B.
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