Ituran Location and Control Ltd. announced record second-quarter 2026 revenue of $104.8 million, a 21% increase year-over-year, driven by a 25% rise in subscription revenue. Net income grew 29% to $17.3 million, and EBITDA increased 24% to $28.5 million, reflecting strong operating leverage. The company added 41,000 net subscribers, reaching 2.71 million, with growth across Israel and Latin America supported by OEM partnerships and new initiatives like IturanMob in the US. Ituran declared a $10 million dividend and continues to invest in growth areas, confident in sustained profitability for 2026.
Two directors of Equitable Holdings sold shares recently, with Bertram L. Scott selling 2,780 shares and Craig C. MacKay selling 2,000 shares. Meanwhile, institutional investors showed mixed activity: Engineers Gate Manager LP drastically cut its hol...
Shares of Greenland-linked mining companies surged following a new U.S.-Denmark-Greenland security agreement that boosted investor interest in Greenland's mineral resources. Greenland Mines Ltd. jumped over 229%, while Critical Metals Corp. rose near...
Biotech stocks and leveraged ETFs were the biggest losers in the market, with Cue Biopharma dropping 23.7% despite positive Phase 2 clinical results. Leveraged ETFs tied to AMD, Strategy, and Novo Nordisk also saw sharp declines due to their daily-re...
Priority Technology Holdings is being taken private in a $1.6 billion deal led by its Chairman and CEO, Thomas Priore. The acquisition price is $8.05 per share, matching the analyst price target set by Lake Street, which downgraded the stock to 'Hold...
General Mills is set to report its Q3 2026 earnings with an expected 16.3% decline in earnings per share to $0.72 and revenue forecast around $4.35 billion, down from last year. Despite these declines, the company reaffirmed its full-year adjusted EP...
