Ituran Location & Control Q2 EPS $0.61 Beats $0.53 Estimate, Sales $81.64M Beat $80.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ituran Location & Control (NASDAQ:ITRN) reported Q2 earnings of $0.61 per share, beating the analyst consensus estimate of $0.53 by 15.09%. This is a 41.86% increase from the same period last year. The company also reported quarterly sales of $81.64 million, beating the analyst consensus estimate of $80.90 million by 0.92%. This is an 11.25% increase from the same period last year.
August 15, 2023 | 10:34 am
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POSITIVE IMPACT
Ituran Location & Control reported better than expected Q2 earnings and sales, which could positively impact the stock price.
Ituran Location & Control reported Q2 earnings and sales that beat analyst estimates. This is generally seen as positive news and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100