TomTom Q2 Operating Profit Down 10%

TomTom NV

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.