Digital mapping specialist TomTom on Monday elevated its outlook for this yr’s income and free money stream after reporting a smaller-than-expected working loss for the second quarter, citing the nice efficiency of its location expertise division.
The Amsterdam-based firm, whose prospects embrace Volkswagen, Hyundai and Amazon, now targets income of between 570-600 million euros ($640.00-$673 million)this yr after beforehand forecasting 540-580 million.
It reported a loss earlier than curiosity and taxes (EBIT) of three.6 million euros for the second quarter versus a company-compiled forecast of a 7 million euros loss.
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Source: economictimes.indiatimes.com