Navigation specialist TomTom beats quarterly revenue forecast on auto tech sales

(Reuters) - 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) (Reporting by Mathias de Rozario in Gdansk; Editing by Sherry Jacob-Phillips).