Map maker TomTom's Q3 loss narrows boosted by car branch growth

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Digital mapping specialist TomTom on Friday reported a smaller than expected operating loss for the third quarter, driven by strong results in its automotive branch that grew faster than global car production.

The Dutch company, which relies on its automotive unit for growth, said its quarterly operating loss narrowed to 7.9 million euros from a loss of 17.5 million a year earlier. Analysts polled by the company had forecast a loss of 11 million euros.

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