Ituran Location & Control Q1 EPS $0.66 Beats $0.59 Estimate, Sales $85.03M Miss $85.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ituran Location & Control (NASDAQ:ITRN) reported Q1 earnings per share (EPS) of $0.66, beating the analyst estimate of $0.59. However, sales of $85.03 million missed the estimate of $85.70 million.
May 28, 2024 | 10:34 am
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POSITIVE IMPACT
Ituran Location & Control reported Q1 EPS of $0.66, beating estimates by 11.86%, but sales of $85.03M missed estimates by 0.79%.
The positive EPS surprise is likely to have a more significant impact on the stock price than the slight miss in sales. Investors often react more strongly to earnings beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100