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TomTom reports better-than-expected third-quarter core earnings

AMSTERDAM (Reuters) – TomTom (TOM2.AS), the Dutch maker of virtual mapping tool, on Tuesday reported better-than-expected third-quarter core earnings of 62.four million euros ($72.2 million), when put next with 35.five million euros a yr previous.

FILE PHOTO: TomTom navigation are noticed in entrance of TomTom displayed brand on this representation taken July 28, 2017. REUTERS/Dado Ruvic

Company-compiled consensus had noticed earnings for the quarter ahead of pastime, taxes, depreciation and amortization (EBITDA) at 41 million euros.

The corporate raised its full-year earnings outlook to 850 million euros from 825 million euros, however mentioned a freelance introduced in 2016 to offer location and navigation services and products to Volvo have been ended.

Reporting through Toby Sterling; Editing through Subhranshu Sahu

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