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

RTTNews | 898 days ago
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

read more
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 | 261 days ago
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 | 418 days ago
NZ Dollar Falls Amid RBNZ Rate Cut Speculations

NZ Dollar Falls Amid RBNZ Rate Cut Speculations

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders speculate additional easing by the Reserve Bank of New Zealand (RBNZ).
RTTNews | 1 day ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just above the 1,140-point plateau, although it's expected to open in the red on Friday.
RTTNews | 1 day ago
China Shares Overdue For Consolidation On Friday

China Shares Overdue For Consolidation On Friday

The China stock market has finished higher in eight straight sessions, rallying more than 180 points or 5.9 percent in that span. The Shanghai Composite Index now rests just above the 3,280-point plateau, although investors may lock in gains on Friday.
RTTNews | 1 day ago