Market Overview

Ituran Location & Control: Q2 Earnings Insights

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Shares of Ituran Location & Control (NASDAQ:ITRN) remained unaffected after the company reported Q2 results.

Quarterly Results

Earnings per share were down 26.09% year over year to $0.34, which beat the estimate of $0.22.

Revenue of $53,311,000 decreased by 26.19% from the same period last year, which beat the estimate of $49,610,000.

Guidance

Ituran Location & Control hasn't issued any earnings guidance for the time being.

Ituran Location & Control hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Aug 25, 2020

Time: 09:00 AM

ET Webcast URL: https://www.ituran.com/ituranfront/en/about-ituran/investor-relations/

Recent Stock Performance

52-week high: $28.94

52-week low: $11.01

Price action over last quarter: down 1.17%

Company Profile

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments namely Telematics services and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification.

 

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Posted-In: Earnings News