Ituran Location & Control (ITRN) Reports Q3 EPS of $0.50

Ituran Location & Control (NASDAQ: ITRN) reported Q3 EPS of $0.50, versus $0.00 reported last year. Revenue for the quarter came in at $61.6 million, versus $0 reported last year.

Highlights of the third quarter of 2017

• Net subscribers adds in the quarter amounted to 25 thousand;
• Record revenue of $61.6 million, up 17% year-over-year;
• Gross margins of 49.6% and operating margins at 22.6%;
• Net profit of $10.5 million, up 29% year-over-year;
• Generated $11.9 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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