TomTom's reorganization boosts operating profit in Q1
Cătălin Roșioru
April 16 : Dutch digital mapping specialist TomTom reported on Thursday higher than expected operating profit for the first-quarter of the year despite lower revenue following an internal reorganization. Its earnings before interest and taxes (EBIT) came in at 13.8 million euros ($16.3 million), above analysts' average estimate of 7 million euros in a company-provided consensus and last year's level of 5.7 million euros. TomTom said the growth was driven by a higher margin and lower operating
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