TomTom Q2 Operating Profit Down 10%

by Monica Gerson, Benzinga Staff Writer
July 24, 2012 5:26 AM | 17 seconds read |
TomTom NV TMOAF reported a 10% drop in its operating profit for the second quarter. TomTom's quarterly revenue declined 17% to EUR262 million. Its net profit came in at EUR9 million, versus a year-ago net loss of EUR489 million. TomTom maintained its forecast for 2012. TomTom shares closed at $3.60 yesterday.
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