Digital mapper TomTom's Q1 revenue beats estimate on location technology performance


FILE PHOTO: TomTom navigation are seen in the car in this illustration taken July 28, 2017. REUTERS/Dado Ruvic/File Photo

(Reuters) -Dutch digital mapping specialist TomTom beat revenue expectations on Tuesday, after a strong performance in its automotive and enterprise location technology businesses.

The Amsterdam-based company posted revenue of 140.4 million euros ($159.44 million) for the first quarter, up 1% year-on-year, and above the 136 million euros forecast in a company-provided consensus.

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