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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
05/20/201508:45:00Itron Expands Smart Grid Project in Austria with Edge Intelligence...
05/20/201508:45:00Itron erweitert das Smart-Grid-Projekt in Österreich um Edge...
05/12/201516:05:00Itron Launches ITRON RIVAâ„¢ Developers Community for Internet o...
05/11/201508:51:36Current Report Filing (8-k)
05/11/201508:45:00Itron Appoints Two New Members to Board of Directors
05/11/201506:01:37Current Report Filing (8-k)
05/05/201517:22:08Itron Receives "Hold" Rating from Canaccord Genuity (ITRI)
05/05/201506:08:17Quarterly Report (10-q)
05/05/201503:19:53Northland Securities Trims Itron Target Price to $37.00 (ITRI)
05/04/201516:10:00Latin America’s Largest Electric Company Selects Itron Technology t...
05/04/201516:10:00Maior concessionária de energia elétrica da América Latina es...
05/04/201516:07:35Current Report Filing (8-k)
05/04/201516:05:00Itron Announces Chief Operating Officer Transition
05/04/201516:00:00Itron Announces First Quarter 2015 Financial Results
04/30/201517:27:38Statement of Changes in Beneficial Ownership (4)
04/29/201514:45:22Statement of Changes in Beneficial Ownership (4)
04/16/201513:29:03Statement of Changes in Beneficial Ownership (4)
04/13/201516:00:00Itron Announces First Quarter 2015 Earnings Call Details
04/07/201513:12:21Statement of Changes in Beneficial Ownership (4)
04/01/201517:54:03Statement of Changes in Beneficial Ownership (4)

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