TomTom shares fall as revenue miss outweighs higher margin forecast

·2h ago
Share:PostShare

Oct 15 : Dutch location data company TomTom posted lower-than-expected quarterly revenue on Thursday, sending its shares down 5 per cent despite a raised profitability forecast and a restructuring plan involving 200 job cuts. Third quarter revenue fell to €128.9 million ($144.6 million) missing the €131 mi

C

Channel Newsasia

Original source

Read full story

Related Stories

Headlines and briefs on this site are for information only. Always verify details on the original source or live status page.

Read Disclaimer