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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)
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)
04/01/201517:52:46Statement of Changes in Beneficial Ownership (4)
04/01/201517:51:31Statement of Changes in Beneficial Ownership (4)
04/01/201517:49:45Statement of Changes in Beneficial Ownership (4)
04/01/201517:48:01Statement of Changes in Beneficial Ownership (4)
04/01/201517:46:15Statement of Changes in Beneficial Ownership (4)
03/27/201517:11:55Statement of Changes in Beneficial Ownership (4)
03/20/201506:12:35Additional Proxy Soliciting Materials (definitive) (defa14a)
03/20/201506:10:47Proxy Statement (definitive) (def 14a)
03/19/201508:45:00Itron présente la nouvelle gamme de compteurs intelligents statiques...
03/19/201508:45:00Itron präsentiert intelligenten statischen Durchflussmesser...
03/19/201508:45:00Itron Introduces Intelligent Static Flow Meter for Thermal Energy...
03/02/201518:19:23Statement of Changes in Beneficial Ownership (4)
02/26/201518:54:30Statement of Changes in Beneficial Ownership (4)
02/26/201516:30:00Itron Announces Election of Lynda Ziegler to Vice Chairman of...
02/25/201516:04:34Statement of Changes in Beneficial Ownership (4)
02/25/201516:01:50Statement of Changes in Beneficial Ownership (4)

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