CORRECTION: Ituran Location & Control Q1 EPS $0.56 Beats $0.53 Estimate, Sales $79.47M Miss $79.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ituran Location & Control reported Q1 earnings of $0.56 per share, beating the $0.53 estimate by 5.66%, and a 30.23% YoY increase. However, sales of $79.47M missed the $79.70M estimate by 0.29%, but increased 10.27% YoY.
May 24, 2023 | 10:51 am
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Ituran Location & Control's Q1 earnings beat estimates, with a 30.23% YoY increase, while sales missed estimates but increased 10.27% YoY.
Ituran Location & Control's Q1 earnings beat analyst estimates and showed a significant YoY increase, which is a positive signal for investors. Although sales missed estimates, they still increased YoY, indicating growth in the company's revenue. This combination of factors is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100