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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)
10/02/201512:47:45Statement of Changes in Beneficial Ownership (4)
10/02/201512:46:05Statement of Changes in Beneficial Ownership (4)
10/02/201512:44:19Statement of Changes in Beneficial Ownership (4)
10/02/201512:42:01Statement of Changes in Beneficial Ownership (4)
10/02/201512:40:00Statement of Changes in Beneficial Ownership (4)
10/02/201512:38:09Statement of Changes in Beneficial Ownership (4)
10/02/201512:36:54Statement of Changes in Beneficial Ownership (4)
10/02/201512:35:09Statement of Changes in Beneficial Ownership (4)
09/30/201514:44:37Amended Statement of Beneficial Ownership (sc 13d/a)
09/28/201508:45:00Itron Expands Partner Ecosystem for New Distributed Intelligence...
09/28/201508:45:00Itron erweitert das OpenWay RIVA Partnerprogramm für neue verteilte...
09/22/201512:12:19Statement of Changes in Beneficial Ownership (4)
09/21/201516:17:08Statement of Beneficial Ownership (sc 13d)
09/17/201508:45:00Yorkshire Water Enters into New Contract with Itron to Further...
09/16/201509:30:00TransData Files Patent Infringement Lawsuits Against Smart Meter...
09/11/201517:00:16Current Report Filing (8-k)
08/11/201515:49:00Itron、南太平洋のトンガ諸島にOPENWAY RIVA™を提供
08/07/201508:45:00Itron to Present at the 35th Annual Canaccord Genuity Growth...
08/06/201516:55:05Quarterly Report (10-q)
08/06/201516:39:01Automatic Shelf Registration Statement of Securities of Well-known...

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