Ituran Drops to Six-Month Low as Net Income Plunges 21 Percent
Ituran Location and Control Ltd. dropped to its lowest intraday level in more than six months after the maker of systems for locating stolen vehicles said net income for the quarter dropped 21 percent.
The company said net income dropped to $5.1 million in the first quarter of the year from $6.48 million in the year earlier period.
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