Ituran Location & Control Q4 2023 GAAP EPS $0.60, Inline, Sales $77.81M Miss $82.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ituran Location & Control (NASDAQ:ITRN) reported Q4 2023 earnings of $0.60 per share, meeting analyst estimates. However, their quarterly sales of $77.81M fell short of the expected $82.80M, a 6.03% miss, though it represents a 3.82% increase from the previous year.
February 29, 2024 | 12:42 pm
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Ituran Location & Control reported Q4 2023 earnings per share of $0.60, aligning with estimates, but their sales of $77.81M missed the $82.80M forecast by 6.03%, despite a 3.82% year-over-year increase.
Meeting EPS estimates typically has a neutral to positive impact on stock price, indicating operational efficiency. However, missing revenue estimates can signal growth concerns, potentially offsetting positive EPS impacts. The year-over-year sales increase may mitigate negative perceptions, leading to a neutral short-term impact.
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