TeleNav (TNAV), a provider of location-based services (LBS) for mobile devices, is down 39.3%....


TeleNav (TNAV), a provider of location-based services (LBS) for mobile devices, is down 39.3%. While FQ4 numbers beat consensus, the company's FY12 guidance for revenue of $215M-$225M and non-GAAP EPS of $0.58-$0.68 is below a consensus of $237.6M and $0.88. Competition from Google (GOOG) and other LBS providers appears to be taking its toll. (PR)

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