Ituran Location and Control Ltd. (ITRN) reported a decrease in third-quarter net income to US$4.63 million or US$0.22 per share from US$5.64 million or US$0.27 per share last year.
Revenues for the third quarter declined 9% to US$32.03 million from US$35.22 million in the year earlier quarter. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.19 on revenues of $29.07 million for the quarter. Analysts' estimate typically excludes one-time items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.