Pointer Telocation (PNTR) Reports Q3 EPS of $0.31, Revenues Miss

Pointer Telocation (NASDAQ: PNTR) reported Q3 EPS of $0.31, versus $0.28 reported last year. Revenue for the quarter came in at $18.7 million versus the consensus estimate of $19.8 million.

• Total revenues of $18.7 million, down 7% as reported due to foreign currency exchange headwinds and up 1% on a constant currency basis
• Service revenues of $12.8 million, down 4% as reported and up 8% on a constant currency basis
• Operating income of $2.5 million (13% of revenue), down 13%
• Net income of $1.8 million, down 4%
• Cash, net of debt, totaled $2 million. Generated $3.1 million in operating cash flow during the quarter
• Total subscribers reached 274,000, an increase of 10%

David Mahlab, Pointer's Chief Executive Officer, commented: "This was another solid quarter for Pointer. We delivered improved service margins, strong earnings and impressive cash flow generation while facing tough headwinds from foreign currency exchange rates in our markets in Latin America, which negatively impacted reported revenue. Our bottom line performance is good, and it demonstrates our underlying strength."

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

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