Ituran Location & Control: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ituran Location & Control (NASDAQ:ITRN) reported Q1 earnings with in-line EPS of $0.53 and revenue up $7.40 million YoY. Last quarter, the company missed EPS by $0.05, followed by a 1.88% increase in share price the next day.
May 24, 2023 | 10:36 am
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Ituran Location & Control reported Q1 earnings with in-line EPS of $0.53 and revenue up $7.40 million YoY. Last quarter, the company missed EPS by $0.05, followed by a 1.88% increase in share price the next day.
Ituran Location & Control reported in-line EPS, which indicates that the company met market expectations. This is generally a neutral signal for the stock price. However, the revenue increase of $7.40 million YoY is a positive sign, but it's not clear if it's enough to drive the stock price up in the short term. Last quarter, the company missed EPS by $0.05, which was followed by a 1.88% increase in share price the next day, showing that the market reaction to earnings can be unpredictable. Therefore, the short-term impact on the stock price is neutral.
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