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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