Ituran Location & Control (ITRN) Reports Q2 EPS of $0.57

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Go back to Ituran Location & Control (ITRN) Reports Q2 EPS of $0.57

Ituran Location and Control Ltd. Presents Results for the Second Quarter 2018

August 30, 2018 6:30 AM EDT

AZOUR, Israel , Aug. 30, 2018 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) (TASE: ITRN), today announced its consolidated financial results for the second quarter ended June 30, 2018.

Highlights of the second quarter of 2018

Agreement to acquire Road Track Holdings with closing expected in the third quarter; Net subscribers adds in the quarter amounted to 17,000, reaching 1.2 million subscribers; Revenue of $57.7 million, up 1% year-over-year; In local currency terms, revenues grew 7% and revenues from subscriptions grew 9%;... More