TomTom posts smaller-than-expected Q4 operating loss
02/02/2024 06:16
Feb 2 (Reuters) - Digital mapping specialist TomTom
TOM2.AS on Friday reported a wider fourth-quarter operating
loss but beat market expectations aided by strong order intake
at its automotive unit.
The Amsterdam-based company posted a loss before interest
and taxes of 10.4 million euros ($11.3 million) for the
September-December quarter, compared with a loss of 4.5 million
a year earlier. This beat analysts' forecast for a loss of 12
million euros in a company-compiled consensus.
($1 = 0.9195 euros)
(Reporting by Gaëlle Sheehan and Augustin Turpin in Gdansk;
editing by Milla Nissi)
((gaelle.sheehan@thomsonreuters.com; +48 58 7785110;))