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Uber Renews Global Maps Deal With TomTom: Growth Thesis Strengthening?
ZACKS· 2026-01-08 14:01
Core Insights - Uber Technologies has renewed its partnership with TomTom to integrate its maps, APIs, and live services into Uber's global platform, enhancing routing, fare calculations, and accuracy in complex locations [1][10] - The collaboration will utilize anonymized data from Uber trips to improve TomTom's mapping services, creating a feedback loop for real-time updates on road conditions [2][10] - This partnership builds on a long-standing relationship that began in 2015, with both companies exploring new location-based tools to enhance user experience [3] Company Developments - Uber's previous attempt to acquire Nokia's HERE mapping division for approximately $3 billion in 2015 was unsuccessful, leading to the partnership with TomTom [4] - Following the failed acquisition, Uber also acquired Microsoft's Bing Maps imagery division, which brought in talent and street-level data for autonomous vehicle development [5] Financial Performance - Uber's shares have decreased by 10.8% over the past six months, contrasting with a 69.6% growth in the Zacks Internet-Services industry during the same period [6] - The company currently trades at a 12-month forward price-to-sales ratio of 2.94X, indicating it is relatively inexpensive compared to its industry, with a Value Score of D [9] Earnings Estimates - The Zacks Consensus Estimate for Uber's earnings for the fourth quarter of 2025 and full-year 2025 has seen upward revisions over the past 60 days, indicating positive sentiment [12]
ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million Declared for the First Quarter of 2025
Prnewswire· 2025-05-28 11:30
Core Viewpoint - Ituran Location and Control Ltd. has announced a cash dividend distribution of $0.50 per share, totaling approximately $10 million, to be paid on July 2, 2025, to shareholders of record as of June 18, 2025 [1][2]. Financial Summary - The Board of Directors confirmed that the dividend distribution complies with Israeli law and will not affect the company's operational capabilities or future plans [2]. - Retained earnings before the dividend distribution were $230.7 million, which will decrease to $220.7 million post-distribution [3]. - As of March 31, 2025, the company had a cash balance of $75.7 million and no bank credit, with current assets (excluding cash) totaling $125.7 million and current liabilities at $93.3 million [3]. Company Overview - Ituran is a leader in mobility technology, providing location-based services such as Stolen Vehicle Recovery and fleet management, primarily in Israel and Latin America [4]. - The company has a subscriber base exceeding 2.5 million and operates in over 20 countries, employing approximately 2,800 people globally [5].