Ituran Location & Control (ITRN) Tops Q3 EPS by 14c, Revenues Miss

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

November 26, 2018 6:30 AM EST

AZOUR, Israel, Nov. 26, 2018 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the third quarter ended September 30, 2018.

Highlights of the third quarter of 2018

Closed acquisition of the majority stake in Road Track Holdings in mid-September with minimal impact on the financial results of the quarter; Revenue of $53.4 million and operating profit of $13.7 million (margin of 25.7%) Net profit of $26.1 million (including one-time income of $13.8 million); EBITDA of $17.0 million (31.8% of revenue); in local currency... More