February 11, 2014 / 7:05 AM / 4 years ago

TomTom sees lower earnings in 2014

AMSTERDAM, Feb 11 (Reuters) - TomTom, Europe’s largest maker of navigation devices, reported fourth-quarter results slightly above its own forecasts on Tuesday and said it expected results for this year to be below those of 2013.

It reported a quarterly net profit of 3 million euros ($4.1 million), down 97 percent from a year ago, when TomTom benefited from a one-off tax gain, while quarterly revenue fell 7 percent to 268 million euros.

Analysts in a poll commissioned by Reuters had forecast a small quarterly net loss of 750,000 euros on revenue of 257 million euros.

For 2014, TomTom expects adjusted earnings per share of about 0.20 euro on full-year revenue of about 900 million euros, down from EPS of 0.26 euro and revenue of 963 million euros in 2013.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below