Itron Q3 Profit Tops Estimates, But Revenues Miss; Guides Q4 Well Below View

RTTNews | vor 901 Tagen
Stocktwits
Itron Q3 Profit Tops Estimates, But Revenues Miss; Guides Q4 Well Below View

(RTTNews) - Itron, Inc. (ITRI) reported Thursday net income attributable to the company for the third quarter of $4.12 million or $0.09 per share, compared to a net loss of $1.87 million or $0.04 per share in the prior-year quarter. Excluding items, adjusted earnings per share for the quarter were $0.23, compared to $0.21 last year.

Total revenues for the quarter declined 14 percent to $420.86 million from $486.95 million in the same quarter last year. Revenue decreased 9 percent excluding the impact of changes in foreign currency exchange rates.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share on revenues of $461.42 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company projects adjusted earnings in a range of $0.00 to $0.15 per share on revenues between $420 million and $460 million. The Street is looking for earnings of $0.34 per share on revenues of $497.20 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ITRI
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Itron Q2 Results Top Estimates; Boosts FY24 Outlook; Stock Up 7%

Itron Q2 Results Top Estimates; Boosts FY24 Outlook; Stock Up 7%

Itron, Inc. (ITRI) reported Thursday that net income attributable to the company for the second quarter of $51.32 million or $1.10 per share, sharply higher than $24.20 million or $0.53 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.21 per share, compared to $0.65 per share last year.
RTTNews | vor 264 Tagen
Itron Q4 Results Top Estimates; Guides Q1, FY24 Profit Well Above View; Stock Up 17%

Itron Q4 Results Top Estimates; Guides Q1, FY24 Profit Well Above View; Stock Up 17%

Itron, Inc. (ITRI) reported Monday net income attributable to the company for the fourth quarter of $44.39 million or $0.96 per share, higher than $22.21 million or $0.49 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.23 per share, compared to $0.71 per share last year.
RTTNews | vor 421 Tagen
CAC 40 Down Marginally

CAC 40 Down Marginally

The French stock market is down marginally on Tuesday as investors, amid lingering concerns over U.S. Government's trade policy and rising tensions between the U.S. and China, largely remain cautious while awaiting some crucial economic data and earnings updates this week.
RTTNews | vor 16 Minuten
DAX Recovers After Early Setback, Down Marginally In Cautious Trade

DAX Recovers After Early Setback, Down Marginally In Cautious Trade

German stocks are down in negative territory on Tuesday, with investors, back to trading after a long Easter break, making cautious moves amid lingering concerns about trade tensions due to the U.S. government's trade policy. The standoff between the U.S. President and the Federal Reserve Chair also appears to be weighing on investor sentiment.
RTTNews | vor 52 Minuten
Walgreens To Pay Up To $350 Mln For Opioid Settlement

Walgreens To Pay Up To $350 Mln For Opioid Settlement

Walgreens Boots Alliance and its units have agreed to pay up to $350 million as it settles with the Justice Department and other federal agencies the allegations of illegally filling unlawful opioid prescriptions and submitting false claims to the Federal Government.
RTTNews | vor 2Std 12 Minuten
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