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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
11/28/201616:05:00Itron to Webcast Meeting with Analysts
11/18/201617:23:07Statement of Changes in Beneficial Ownership (4)
11/16/201614:33:12Statement of Changes in Beneficial Ownership (4)
11/16/201608:45:00Enedis Selects Itron for 4.6 Million Smart Meters for Second...
11/16/201608:45:00Itron obtient un contrat significatif pour 4,6 millions de compteurs...
11/15/201615:14:03Statement of Changes in Beneficial Ownership (4)
11/08/201615:07:34Statement of Changes in Beneficial Ownership (4)
11/04/201617:48:14Statement of Changes in Beneficial Ownership (4)
11/03/201613:59:23Quarterly Report (10-q)
11/03/201608:30:00Itron to Present at Baird’s 46th Annual Global Industrial Conference
11/02/201616:13:00Current Report Filing (8-k)
11/02/201616:10:00Itron Modernizes Water Distribution System in Southeast Australia
10/18/201609:00:00Cyient Wins Itron’s Ignite Innovation Challenge with Outage M...
10/17/201609:00:00Frost & Sullivan Honors CenterPoint Energy and NMB Water With...
10/14/201608:45:00Itron Using Microsoft Cloud to Help Customers Accelerate Digital...
10/12/201616:47:11Statement of Changes in Beneficial Ownership (4)
10/12/201616:05:00Itron Announces Third Quarter 2016 Earnings Call Details
10/12/201608:45:00Itron Utility Week Brings Together Industry Leaders to Discuss...
10/11/201608:45:00Itron Launches Itron Mobile, Transforms Data Collection Using...
10/07/201616:12:27Statement of Changes in Beneficial Ownership (4)

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