TeleNav (TNAV) Misses Q3 EPS by 9c, GM Extends Partnership

TeleNav (NASDAQ: TNAV) reported Q3 EPS of ($0.31), $0.09 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $35.1 million versus the consensus estimate of $37.85 million.

• General Motors extends partnership through model year 2025

GUIDANCE:

TeleNav sees Q4 2017 EPS of ($0.30)-($0.33), versus the consensus of ($0.21). TeleNav sees Q4 2017 revenue of $39-41 million, versus the consensus of $39.3 million.

“We are very excited about the launch of our connected embedded services to General Motors in the March quarter,” said HP Jin, Chairman and CEO of Telenav. “This has been the result of our successful collaboration with GM for the last three years. We are also very pleased that GM has decided to expand and extend our relationship to provide their next generation connected embedded navigation service through model year 2025. This reflects our strength in innovation, excellent execution and shared vision.”

For earnings history and earnings-related data on TeleNav (TNAV) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• MapLight Therapeutics, Inc. (MPLT) Misses Q2 EPS by 33c
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance