Ituran Location & Control (ITRN) Reports Q3 EPS of $0.29

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Go back to Ituran Location & Control (ITRN) Reports Q3 EPS of $0.29

Ituran Location and Control Ltd. Presents Results for the Third Quarter 2015

November 18, 2015 6:00 AM EST

AZOUR, Israel, Nov. 18, 2015 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the third quarter ended September 30, 2015.

Highlights of the Third Quarter

Record net subscribers adds in the quarter amounting to 36 thousand; total subscribers reached 915,000 as of September 30, 2015; In local currency terms, Ituran continued to demonstrate year-over-year growth in revenue driven by strong subscriber growth; Gross margins at 50.2% and operating margins at 22.4%; Generated $8.8 million in operating cash flow; ended the quarter with $31.5 million in net... More