Digital mapper TomTom's Q1 revenue beats estimate on location technology performance

TomTom GAAP EPS of €0.02, revenue of €140.4M

Navigation specialist TomTom’s quarterly revenue tops estimate

(Reuters) -Dutch digital mapping specialist TomTom reported a marginal rise in its first-quarter revenue on Tuesday, beating expectations, primarily supported by a stronger-than-anticipated performance in its automotive location technology business. The Amsterdam-based company posted a revenue of 140.4 million euros ($159.44 million) for the first quarter, up 1% year-on-year, and above the 136 million euros expected in a company-provided consens…

Digital mapper TomTom's Q1 revenue beats estimate on location technology performance

Dutch digital mapping specialist TomTom beat revenue expectations on Tuesday, after a strong performance in its automotive and enterprise location technology businesses.The Amsterdam-based company posted revenue of 140.4 million euros ($159.44 million) for the first quarter, up 1 per cent year-on-year, and ab