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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.