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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)
11/28/201511:15:50What Investors Need to Know About Itron, Inc.'s Q3 Earnings
11/05/201507:05:51Quarterly Report (10-q)
11/04/201516:34:41Amended Statement of Beneficial Ownership (sc 13d/a)
11/03/201516:10:00Itron Named as Partner to Upgrade Water Metering Infrastructure...
11/03/201516:06:41Current Report Filing (8-k)
11/03/201516:05:00Itron Announces Third Quarter 2015 Financial Results
11/01/201510:15:023 Companies Using the Internet of Things to Build the City of...
10/16/201509:44:01Amended Statement of Beneficial Ownership (sc 13d/a)
10/15/201515:05:17Initial Statement of Beneficial Ownership (3)
10/12/201516:05:00Itron Announces Third Quarter 2015 Earnings Call Details
10/08/201516:05:00Tom Deitrich Joins Itron as Chief Operating Officer
10/02/201512:47:45Statement of Changes in Beneficial Ownership (4)
10/02/201512:46:05Statement of Changes in Beneficial Ownership (4)
10/02/201512:44:19Statement of Changes in Beneficial Ownership (4)
10/02/201512:42:01Statement of Changes in Beneficial Ownership (4)
10/02/201512:40:00Statement of Changes in Beneficial Ownership (4)
10/02/201512:38:09Statement of Changes in Beneficial Ownership (4)
10/02/201512:36:54Statement of Changes in Beneficial Ownership (4)
10/02/201512:35:09Statement of Changes in Beneficial Ownership (4)
09/30/201514:44:37Amended Statement of Beneficial Ownership (sc 13d/a)

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