Investing.com - TomTom reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TomTom announced earnings per share of €-0.51 on revenue of €125.4M. Analysts polled by Investing.com anticipated EPS of €0.0636 on revenue of €133.13M.
TomTom shares are up 2% from the beginning of the year, still down 23.80% from its 52 week high of €10.80 set on February 21, 2020. They are under-performing the STOXX 600 which is up 2.63% from the start of the year.
TomTom shares lost 100.00% in pre-market trade following the report.
TomTom follows other major Technology sector earnings this month
TomTom's report follows an earnings beat by ASML Holding on January 20, who reported EPS of €3.23 on revenue of €4.25B, compared to forecasts EPS of €2.46 on revenue of €3.73B.
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