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Itron 1Q Profit Rises 7.4%, Beats Estimates

DOW JONES NEWSWIRES Itron Inc.'s (ITRI) first-quarter profit rose 7.4% on higher North American revenue and sales of its smart meters, beating analysts' forecasts. Itron, which makes smart utility meters and other equipment, posted income of $27.1 million, or 66 cents a share, up from $25.3 million, or 62 cents a share, a year earlier. Revenue rose 13% to $564 million. Adjusted earnings, which exclude one-time items, were 99 cents a share. Analysts polled by Thomson Reuters were expecting earnings of 95 cents a share on revenue of $551.9 million. Itron and other companies that make smart-grid products have benefited from fast-growing demand for their products, particularly in the U.S., where utilities have obtained hundreds of millions of dollars in federal stimulus funds to install smart meters. Smart meters are digital devices that record electricity and gas use and transmit the usage data over communications networks to the utility and the customer. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;

Stock News for Itron (ITRI)
02/03/201608:45:00Itron Introduces Itron Idea Labs to Accelerate Innovation
02/02/201616:05:00Itron Launches the Next Generation Platform for Smarter Energy...
01/27/201616:23:33Amended Statement of Beneficial Ownership (sc 13d/a)
01/26/201608:45:00Consumers Energy Modernizes Gas Distribution System with Itron...
01/14/201616:05:00Itron to Release Fourth Quarter and Full Year 2015 Results on...
01/14/201608:45:00Itron Named the Top Leader in Navigant Research Leaderboard Report...
01/08/201617:13:16Amended Statement of Ownership (sc 13g/a)
01/05/201613:53:32Statement of Changes in Beneficial Ownership (4)
01/05/201613:51:46Statement of Changes in Beneficial Ownership (4)
01/05/201613:48:59Statement of Changes in Beneficial Ownership (4)
01/05/201613:46:19Statement of Changes in Beneficial Ownership (4)
01/05/201613:43:43Statement of Changes in Beneficial Ownership (4)
01/05/201613:35:21Statement of Changes in Beneficial Ownership (4)
01/05/201613:31:50Statement of Changes in Beneficial Ownership (4)
01/05/201613:29:08Statement of Changes in Beneficial Ownership (4)
01/05/201613:27:06Statement of Changes in Beneficial Ownership (4)
01/05/201612:51:41Statement of Changes in Beneficial Ownership (4)
01/05/201612:45:27Initial Statement of Beneficial Ownership (3)
12/18/201516:25:11Amended Statement of Changes in Beneficial Ownership (4/a)
12/17/201517:01:59Amended Statement of Beneficial Ownership (sc 13d/a)

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