Ituran Location & Control (ITRN) Misses Q2 EPS by 52c, Revenues Beat
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Ituran Location and Control Ltd. Presents Results for the Second Quarter of 2020
August 25, 2020 6:45 AM EDTAZOUR, Israel, Aug. 25, 2020 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2020.
Highlights of the second quarter of 2020
The results were impacted by the global Covid-19 pandemic; Revenue of $53.3 million; Adjusted EBITDA was $13.9 million, a decline of 9% on a sequential basis;Â Generated $19.3 million in quarterly operating cash flow; Total subscribers reached 1,751,000 at the end of the quarterManagement Comment
Eyal Sheratzky, Co-CEO of Ituran said,... More
