Ituran Location & Control Q3 EPS $0.63 Vs. $0.49 Last Year, Sales $81.05M Miss $82.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ituran Location & Control (NASDAQ:ITRN) reported Q3 earnings of $0.63 per share, a 28.57% increase from $0.49 last year. However, sales of $81.05M fell short of the $82.10M estimate, despite being an 11.54% increase from the previous year.
November 27, 2023 | 11:31 am
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NEUTRAL IMPACT
Ituran Location & Control reported a positive earnings growth but missed sales estimates for Q3, with a slight 1.28% miss from the consensus.
The increase in earnings per share (EPS) is a positive sign and may support the stock price, but the miss on sales estimates could temper investor enthusiasm. The mixed results lead to a neutral short-term impact score, as the market may need time to digest both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100