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Updated from 10:10 a.m. EDT
Digital navigation-device maker TomTom lowered its first-quarter sales forecast Tuesday, sounding an alarm for others in the sector.
Netherlands-based TomTom said it expects first-quarter revenue in a range of 270 million euros to 280 million euros, or $425 million to $440 million, compared with 296 million euros, or $465 million, in the year-ago period. Analysts currently expect revenue to come in at 341 million euros for the quarter, according to Thomson First Call. ...
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