|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.39 - 7.39|
|52 Week Range||6.13 - 11.64|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 23, 2019|
|1y Target Est||N/A|
The location technology company, whose customers range from major car companies to leading global tech firms, saw sales in its automotive unit, which supplies maps and navigation software to automakers, grow 19% year-on-year while earnings fell across its other businesses in the third quarter. TomTom's finance chief, Taco Titulaer, predicted further growth for automotive in the fourth quarter, citing improved car production as the sector recovers from global lockdowns that shuttered showrooms and brought traffic to a halt. Industry data showed new European car sales down just 18% in August compared to the previous year, after falling 24% in July and 78% in June.
TomTom (AS:TOM2) posted a net loss for the second quarter of 2020, but the Dutch navigational-technologies company added its operational revenue was on track to recover from the lows it experienced in April due to the coronavirus pandemic.
Global share markets dipped into the red on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage done during the coronavirus panemdic even as some countries try to re-open for business. European stock markets opened lower, with the pan-European STOXX 600 index opening 0.8% lower after five previous days of gains, fuelled by early signs the health crisis was ebbing and on hopes that sweeping lockdown measures would soon be lifted. French shares fell 0.9% as France became the fourth country to report more than 15,000 deaths due to the coronavirus after Italy, Spain and the United States.