Pointer Telocation (PNTR) Tops Q2 EPS by 8c, Revenues Miss

Pointer Telocation (NASDAQ: PNTR) reported Q2 EPS of $0.31, $0.08 better than the analyst estimate of $0.23. Revenue for the quarter came in at $19.7 million versus the consensus estimate of $20.74 million.

• Total revenue of $19.7 million, down 1% due to foreign currency exchange headwinds
• Service revenues of $13.2 million, up 2%
• Operating income of $2.8 million (14% of revenue), unchanged from the prior-year period
• Net income of $1.9 million, down 2% due to foreign currency exchange headwinds
• EBITDA of $3.4 million, unchanged from the prior-year period
• Net debt of $0.4 million
• Total subscribers reached 271,000, an increase of 13% year-over-year

"This was a solid quarter, as we increased our service revenue despite headwinds from currency exchange rates, and we delivered double-digit operating margins and strong earnings.

"During the period, we continued to advance our capabilities in predicting driver behavior through our machine learning technology. We are building a platform that will harness our real-time driver data to deliver more efficient, cost-effective products and services to our customers. Our markets are expanding, particularly in the Americas, and we are positioned to pursue these opportunities."

For earnings history and earnings-related data on Pointer Telocation (PNTR) click here.

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