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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; cassandra.sweet@dowjones.com

Stock News for Itron (ITRI)
DateTimeHeadline
07/01/201518:07:43Statement of Changes in Beneficial Ownership (4)
07/01/201518:06:00Statement of Changes in Beneficial Ownership (4)
07/01/201518:04:14Statement of Changes in Beneficial Ownership (4)
07/01/201518:02:50Statement of Changes in Beneficial Ownership (4)
07/01/201518:00:33Statement of Changes in Beneficial Ownership (4)
07/01/201517:59:11Statement of Changes in Beneficial Ownership (4)
07/01/201517:57:19Statement of Changes in Beneficial Ownership (4)
07/01/201517:55:44Statement of Changes in Beneficial Ownership (4)
06/30/201516:08:54Amended Current Report Filing (8-k/a)
06/30/201508:45:00Itron Expands Itron® Total Services to Include Solar
06/23/201517:31:12Current Report Filing (8-k)
06/19/201518:13:00The Priceline Group Set to Join the S&P 100; Baxalta to Join...
06/02/201513:40:51Statement of Changes in Beneficial Ownership (4)
06/02/201513:30:29Statement of Changes in Beneficial Ownership (4)
06/01/201513:55:11Initial Statement of Beneficial Ownership (3)
06/01/201513:44:14Initial Statement of Beneficial Ownership (3)
05/29/201506:01:37Specialized Disclosure Report (sd)
05/28/201516:07:56Current Report Filing (8-k)
05/27/201508:45:00Itron Selected to Modernize Natural Gas Distribution System in...
05/27/201508:45:00Itron è stata scelta per modernizzare una rete di distribuzione...

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