TomTom Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

TomTom (AMS:TOM2) Second Quarter 2024 Results

Key Financial Results

• Revenue: €152.2m (down 2.8% from 2Q 2023).
• Net loss: €2.31m (loss narrowed by 48% from 2Q 2023).
• €0.02 loss per share (improved from €0.03 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TomTom Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 7.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of TomTom's balance sheet and an in-depth analysis of the company's financial position.

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