Pointer Telocation Ltd. (NASDAQ:PNTR) reports 1Q18 Profit Up; Beats Street View

Pointer Telocation Ltd

Pointer Telocation Ltd. (NASDAQ:PNTR) headquartered in Rosh Haayin, Israel, announced net income for the first quarter of $ 1.77 million or $ 0.21 per share, compared to income $ 1.57 million or $ 0.19 per share for the year-ago quarter.

The company recorded first quarter net income of $ 2.47 million or $ 0.30 per share, while analysts from Thomson Reuters expected income of $ 0.22 per share.

Top line figures for the first quarter rose 10% to $ 20.88 million from $ 19.03 million in the same quarter last year, where as analysts anticipated $ 20.22 million.

David Mahlab, CEO, commented: We are very pleased with our results, particularly with our strong revenue growth in which we demonstrated improved product revenue and record service revenues.We are increasingly investing in our next generation solutions, especially in asset-management.

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