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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; [email protected]

Stock News for Itron (ITRI)
03/24/201716:12:22Additional Proxy Soliciting Materials (definitive) (defa14a)
03/24/201716:07:45Proxy Statement (definitive) (def 14a)
03/01/201718:47:17Statement of Changes in Beneficial Ownership (4)
03/01/201706:02:47Annual Report (10-k)
02/28/201716:05:00Itron Reports Fourth Quarter and Full Year 2016 Financial Results
02/13/201712:48:28Amended Statement of Ownership (sc 13g/a)
02/10/201717:15:26Schedule 13g
02/10/201716:32:58Amended Statement of Ownership (sc 13g/a)
01/31/201718:50:00AVANGRID Chooses Itron for Energy Smart Community in New York
01/30/201716:05:00Public Service Company of New Mexico Picks Itron’s OpenWay R...
01/30/201708:45:00Itron Advances Interoperability with Wi-SUN Alliance
01/26/201708:00:00Itron and Bsquare First to Provide App Community for Grid Edge...
01/25/201708:45:00Itron Advances Grid Reliability with Dynamic Grid Connectivity...
01/18/201708:45:00Itron Expands OpenWay Riva™ Ecosystem with Wasion Partnership
01/17/201708:45:00Itron to Improve Water Efficiency and Modernize Distribution...
01/12/201717:13:52Amended Statement of Ownership (sc 13g/a)
01/10/201716:05:00Itron to Announce Fourth Quarter and Full Year 2016 Results on...
01/05/201708:45:00Central Hudson Gas & Electric Corporation Turns to Itron for...
01/04/201717:57:13Statement of Changes in Beneficial Ownership (4)
01/04/201717:55:28Statement of Changes in Beneficial Ownership (4)

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