Recap: Ituran Location & Control Q1 Earnings

Shares of Ituran Location & Control ITRN were unchanged at $16.88 after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 38.00% over the past year to $0.31, which missed the estimate of $0.34.

Revenue of $68,374,000 less by 7.11% from the same period last year, which beat the estimate of $64,100,000.

Looking Ahead

Ituran Location & Control hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 13, 2020

Time: 06:52 PM ET

Webcast URL: https://www.ituran.co.il/ituranfront/about/invest/

Technicals

Company's 52-week high was at $34.75

Company's 52-week low was at $11.01

Price action over last quarter: down 13.26%

Company Profile

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments namely Telematics services and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification.