Ituran Location & Control (ITRN) Tops Q1 EPS by 2c, Revenues Beat

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Ituran Location and Control Ltd. Presents Results For The First Quarter Of 2021

May 25, 2021 6:30 AM EDT

AZOUR, Israel, May 25, 2021 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the first quarter of 2021.

Highlights of the first quarter of 2021

Continued growth as the Company continues to successfully overcome and exits the impacts of the Covid-19 pandemic; Net increase in aftermarket subscribers of 25,000; net decrease in OEM subscribers of 5,000; Revenue of $67.4 million at around the same level as in the first quarter of last year and up 6% sequentially; Net income of $8.3 million, up 30% year-over-year and... More