Navteq (NVT) posted soft second-quarter numbers Wednesday, citing product delays.

The Chicago-based navigation data company made $23.8 million, or 25 cents a share, for the quarter ended July 2, down from the year-ago $25.3 million, or 27 cents a share. Revenue rose to $135.9 million from $122.8 million a year earlier.

Results fell shy of the Thomson Financial analyst consensus estimate, which called for a 28-cent profit on sales of $142 million.

"We faced a number of challenges in the second quarter, including unfavorable car sales trends and delays in customer product launches, which prevented us from achieving the results we expected," said CEO Judson Green. "We continue to invest in our database to enhance our leadership position in the marketplace and we expect better performance in the second half of the year."

Shares fell $1.84 during regular action Wednesday to $34.76.

More from Technology

Listen: Smart Technologies That Could Lure Millennials Back to Motorcycle Riding

Listen: Smart Technologies That Could Lure Millennials Back to Motorcycle Riding

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation