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More on Ituran Location's Q2

Published 08/16/2017, 08:10 AM
© Reuters.  More on Ituran Location's Q2
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  • Ituran Location (NASDAQ:ITRN) reports Location-based services revenue rose 18% to $41.7M in Q2, primarily due to increase in the subscriber base.
  • Wireless communications product revenue up 21.1% to $16.84M.
  • Net subscriber +30K in the quarter.
  • Subscriber base +9.9% Y/Y to 1,112K.
  • Gross margin rate down 10 bps to 51.6%.
  • Operating margin rate fell 10 bps to 24.2%.
  • EBITDA margin rate decreased 40 bps to 29.7%.
  • Now read: Urban Outfitters (NASDAQ:URBN) flies after earnings smasher


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