Dutch digital mapping specialist TomTom reported on Tuesday a marginal rise in its first-quarter revenue, beating expectations, supported by a stronger-than-anticipated performance in its automotive location technology business.
The Amsterdam-based company posted a revenue of 140.4 million euros ($159.44 million) for the first quarter, above the 136 million euros expected in a company-provided consensus.
TomTom also confirmed its full-year outlook.
($1 = 0.8806 euros)
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