Ituran Location & Control (ITRN) Reports Q2 EPS of $0.50 on Revenues of $58.5M

Ituran Location & Control (NASDAQ: ITRN) reported Q2 EPS of $0.50. Revenue for the quarter came in at $58.5 million.

Highlights of the Second Quarter of 2017

• Net subscribers adds in the quarter amounting to 30 thousand;
• Revenue of $58.5 million, up 19% year-over-year;
• Gross margins of 51.6% and operating margins at 24.2%;
• Net profit of $10.4 million, up 37% year-over-year;
• Generated $14.1 million in operating cash flow;
• Dividend of $5 million declared for the quarter;

For earnings history and earnings-related data on Ituran Location & Control (ITRN) click here.

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