Ituran reports Q3 EPS 74c vs. 69c last year

Reports Q3 revenue $92.28M vs. $83.48M last year. The company added 40,000 net subscribers in the quarter. Eyal Sheratzky, co-CEO of Ituran (ITRN) said, “The third quarter marked a strong quarter for Ituran, in particular, we showed strong subscription revenue growth. Ituran’s overall subscriber growth is being driven by our long-term efforts and success in bringing customers new value-adding telematics and connected-car products and services, as well as adding additional OEM partners to our growing roster.”