AMSTERDAM Feb 12 Dutch digital map company
TomTom on Tuesday reported better-than-expected
fourth-quarter results bolstered by a one-off tax gain, but
forecast a drop in revenue and earnings per share this year.
TomTom reported quarterly net profit of 99 million euros
($132.5 million), lifted by a tax gain of about 80 million
euros, on revenue of 289 million euros.
Analysts polled by Reuters had forecast fourth-quarter net
profit of 7.95 million euros on sales of 284 million euros.
TomTom forecast 2013 revenue would be in the range of 900 to
950 million euros, down from 1.06 billion euros in 2012. It said
it expected adjusted earnings per share of around 0.20 euros
this year, down 50 percent from the 2012 EPS of 0.40 euros.