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
Bond management titan Bill Gross has filed suit against his former employer, PIMCO, for breach of contract related to his ouster from the company. Gross is looking for damages of at least $200 million for forcing him out of the company, according to court filings. Gross claims that other managers conspired to push him out of the firm he co-founded in order to improve their own finances. Large U.S. companies are holding trillions of dollars overseas in an effort to avoid U.S. taxes, with big-name firms like Apple (AAPL), Pfizer (PFE) and PepsiCo (PEP) named as notable examples. This is the claim made by a pair of non-profit groups, who released a study based on the firms' financial statements. Alcoa Inc. (AA), the largest producer of aluminum in the US, Thursday reported a sharp decline in profit for the third quarter, as sales dropped 11 percent reflecting divestitures and currency headwinds. Both the earnings and revenues fell short of Wall Street analysts' estimates, sending its shares...
comments powered by Disqus
Follow RTT