* Q2 net 9 mln euros vs forecast 3.75 mln
* Ups FY revenue f'cast to at least 925 mln euros
* Previously forecast around 900 million
* Shares up more than 4 pct
(Adds share price, quote)
AMSTERDAM, July 24 Dutch navigation equipment
maker TomTom raised its outlook on Thursday after
reporting a 15 percent rise in quarterly net profit, after sales
of its personal navigation and sport devices held up.
Its shares jumped more than 4 percent at the open.
TomTom said it expected revenue in 2014 to reach at least
925 million euros ($1.2 billion), up from previous guidance of
around 900 million.
The company also said earnings per share would be at least
0.25 euros compared with earlier guidance of 0.20 euros.
TomTom has now raised its outlook twice this year.
"We reported a strong second quarter with top-line growth
and an improved gross margin," said Chief Executive Harold
Goddijn. "Driven by our strong first half year results, we are
increasing our full-year guidance for 2014."
The company, which has been hit over the past half-decade by
the rise of smartphones with integrated mapping capabilities,
outperformed analyst expectations for revenue and net profit.
Revenue of 252 million euros in the second quarter was ahead
of the 237 million euros forecast on average by analysts in a
Reuters poll. Net profit of 9 million euros topped the 3.75
million forecast by analysts.
($1 = 0.7439 Euros)
(Reporting by Thomas Escritt; Editing by Jason Neely and David