Ituran beats Q2 forecasts as revenue reaches record $104.8 million
Ituran Location and Control (NASDAQ:ITRN) reported Q2 results above expectations. Adjusted EPS was $0.88 vs $0.82 consensus. Revenue rose 21% year over year to a record $104.8 million, above the $96.8 million forecast. Subscription revenue grew 25% to $79.8 million, adding 41,000 net subscribers to 2.71 million. Net income rose 29% to $17.3 million. The board declared a $10 million dividend and repurchased $3.0 million of shares.







