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Itron: Q3 Earnings Snapshot
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LIBERTY LAKE, Wash. (AP) — LIBERTY LAKE, Wash. (AP) — Itron Inc. (ITRI) on Tuesday reported third-quarter earnings of $71.4 million.

On a per-share basis, the Liberty Lake, Washington-based company said it had profit of $1.61. Earnings, adjusted for one-time gains and costs, were $1.94 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The energy and water meter company posted revenue of $599.3 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $596.5 million.

For the current quarter ending in December, Itron expects its per-share earnings to range from $1.70 to $1.80.

The company said it expects revenue in the range of $621 million to $636 million for the fiscal fourth quarter.

Itron expects full-year earnings in the range of $6.72 to $6.82 per share, with revenue ranging from $2.37 billion to $2.38 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITRI at https://www.zacks.com/ap/ITRI

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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