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BUZZ-Ituran dips about 5% after Q2 revenue miss

Reuters
08/19
BUZZ-Ituran dips about 5% after <a href="https://laohu8.com/S/QTWO">Q2</a> revenue miss

** Ituran Location and Control ITRN.O down 4.42% at $38.50 in premarket trading

** Reports Q2 revenue of $86.8 mln, missing estimates of $90.9 mln, according to data compiled by LSEG

** The Azour, Israel-based company reports Q2 product revenues of $23.0 mln, down 6% YOY

** ITRN says ‍product sales impacted due to cessation of new sales during 12-day war between Israel and Iran during Q2** Co reiterates subscriber base growth by 220,000-240,000 net in 2025** YTD, stock has risen nearly ~29.31%

(Reporting by Krisha Bhatt)

((Krisha.Bhatt@thomsonreuters.com;))

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