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 and are trading at €8.23 , down-from-52-week-high.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 Wednesday, January 20, 2021, who reported EPS of €3.23 on revenue of €4.25B, compared to forecasts EPS of €2.46 on revenue of €3.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar