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-0.00373493975903617 0.00180722891566272 0 -0.00373493975903617 0.00313253012048199 -0.00518072289156618 -0.00506024096385544 -0.00313253012048182
Stock impact report

Itron's Q1 Earnings and Sales Surpass Estimates, Down Y/Y Itron, Inc. Price, Consensus and EPS Surprise [Yahoo! Finance Canada]

Itron, Inc. (ITRI) 
Last itron, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.itron.com/investor-relations
company reported earnings of $1.52 per share in the prior-year quarter. The year-over-year decline was due to lower interest income, partially offset by higher operating income. Itron reported quarterly revenues of $587 million, which declined 3% year over year but exceeded the upper end of guidance ($565-$575 million). The top line surpassed the Zacks Consensus Estimate by 2.8%. The revenue decline was largely due to portfolio optimization efforts and the timing of project deployments. Management stated that first-quarter results exceeded expectations, driven by strong execution and some projects progressing ahead of schedule, which led to a record gross profit. The company highlighted that utility customers remain focused on resiliency and affordability, with a structural, multi-year investment trend toward adding intelligence to the grid, an area well aligned with Itron's strengths in networks, analytics and operational intelligence. Product revenues were $477.8 million (81.4 Show less Read more
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