Investing.com - TomTom reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TomTom announced earnings per share of €-0.48 on revenue of €123.7M. Analysts polled by Investing.com anticipated EPS of €-0.26 on revenue of €135.48M.
TomTom shares are up 10% from the beginning of the year and are trading at €8.10 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.1% from the start of the year.
TomTom follows other major Technology sector earnings this month
TomTom's report follows an earnings missed by ASML Holding on Wednesday, who reported EPS of €1.79 on revenue of €3.33B, compared to forecasts EPS of €1.97 on revenue of €3.36B.
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