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Stock impact report

Margins suffer at Ituran Location in Q3 [Seeking Alpha]

Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares (STG) 
Company Research Source: Seeking Alpha
Seeking Alpha Consumer | News On the Move Margins suffer at Ituran Location in Q3 Nov. 25, 2019 6:49 AM ET Ituran Location and Con... (ITRN) Niloofer Shaikh Ituran Location (NASDAQ: Product revenue grew 31% to $18.7M. Subscriber base increased 1.7% Y/Y to 1.781M. Adjusted gross margin rate squeezed 710 bps to 47%. Adjusted operating margin rate decreased 670 bps to 19.6%. Adjusted EBITDA up 10% to $18.73M. The company added 20,000 net after-market subscribers during the quarter and there was no change to the number of OEM subscribers. Previously: Ituran Location EPS misses by $0.08, misses on revenue See all stocks on the move » Now read: Sunlands Online Education reports Q3 results » Try PREMIUM Show less Read more
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