Investing.com - TomTom reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
TomTom announced earnings per share of €-0.51 on revenue of €147.9M. Analysts polled by Investing.com anticipated EPS of €-0.15 on revenue of €130.2M.
TomTom shares are up 43.05% from the beginning of the year, still down 37.69% from its 52 week high of €10.80 set on February 21. They are outperforming the EUR/USD which is down 0% from the start of the year.
TomTom follows other major Technology sector earnings this month
TomTom's report follows an earnings beat by ASML Holding on Wednesday, who reported EPS of €2.54 on revenue of €3.96B, compared to forecasts EPS of €2.25 on revenue of €3.73B.
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