logo
Share SHARE
FONT-SIZE Plus   Neg

TomTom Slips To Loss In Q1 - Quick Facts

TomTom NV (TMOAF.PK) posted first-quarter net loss of 2 milion euros or 0.01 euros per share compared to net earnings of 11 million euros or 0.05 euros per share last year. On an adjusted basis, earnings per share declined to 0.04 euros from 0.10 euros in the prior year.

EBITDA for the three-month period fell year-over-year to 28 million euros from 44 million euros.

Quarterly revenues decreased to 233 million euros from 265 million euros in the comparable quarter a year ago.

Looking forward to 2012, the company still expects revenue to be around 1.1 billion euros and adjusted earnings per share to be around 0.35 euros.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of steel giant ArcelorMittal were losing around 4 percent in the early morning trading in Amsterdam after the company reported sharp decline in first-quarter EBITDA, a key earnings metric, as sales were weak with lower prices and production. Net loss, however, narrowed from last year. The company also confirmed its forecast for annual EBITDA, which is lower than last year. As the din settles down on a dismal quarter at one of the world's exciting tech company, it is time to sit back and take stock of what went wrong and will the wrong be righted in the near term? Online movie rental service Netflix Inc., in a blog post on Thursday, said it is offering a new tool to better control data usage when streaming on cellular networks. The feature helps subscribers switch from default speed to higher-quality streams. Netflix's updated app on iOS or Android now has a default streaming speed of 600 kilobits-per-second for all users.
comments powered by Disqus
Follow RTT