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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)
08/18/201608:45:00Peoples Natural Gas to Modernize Distribution System with Itron
08/12/201616:24:12Quarterly Report (10-q)
08/11/201616:32:16Current Report Filing (8-k)
08/11/201616:30:00Itron Announces First Quarter 2016 Financial Results
08/04/201617:11:35Notification That Quarterly Report Will Be Submitted Late (nt...
08/04/201616:05:00Itron Announces Earnings Release Date for First Quarter 2016...
07/28/201615:52:53Additional Proxy Soliciting Materials (definitive) (defa14a)
07/28/201615:49:27Proxy Statement (definitive) (def 14a)
07/26/201608:45:00National Grid Recommends Itron for Proposed Advanced Metering...
07/19/201608:45:00Itron to Help Improve Water Efficiency in Lancaster, Pennsylvania
07/15/201616:31:57Current Report Filing (8-k)
07/15/201616:30:00Itron Announces Patent Litigation Settlement
06/30/201606:16:50Current Report Filing (8-k)
06/30/201606:15:00Itron Files 2015 Annual Report on Form 10-K
06/30/201606:03:56Annual Report (10-k)
06/28/201608:45:00Itron Smart Payment Solution Selected to Improve Nationwide Electrification...
06/21/201616:05:00Itron Selected to Increase Water Efficiency in Turks and Caicos...
06/16/201608:45:00Itron and WaterSmart Software Collaborate to Offer Consumer Engagement...
06/08/201613:06:07Statement of Changes in Beneficial Ownership (4)
06/08/201608:45:00Itron Selected to Help Decrease Non-Revenue Water and Improve...

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