Ituran Location And Control (ITRN) has released an update.
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Ituran Location and Control Ltd. reported robust financial results for the third quarter of 2024, with a 3% year-over-year revenue increase to $83.5 million and a 9% rise in net income to $13.7 million. The company also expanded its subscriber base by 40,000 to a total of 2.37 million and declared an $8 million dividend, reflecting strong profitability and cash flow. Despite currency fluctuations affecting reported figures, Ituran continues to see strong demand for its location-based services.
For further insights into ITRN stock, check out TipRanks’ Stock Analysis page.
