Itron: Q4 Earnings Snapshot
Itron Inc. (ITRI) on Monday reported fourth-quarter net income of $22.2 million, after reporting a loss in the same period a year earlier
By AP News
Published - Feb 27, 2023, 08:51 AM ET
Last Updated - Apr 03, 2024, 02:25 PM EDT
LIBERTY LAKE, Wash. (AP) — LIBERTY LAKE, Wash. (AP) — Itron Inc. (ITRI) on Monday reported fourth-quarter net income of $22.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Liberty Lake, Washington-based company said it had net income of 49 cents. Earnings, adjusted for one-time gains and costs, came to 71 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The energy and water meter company posted revenue of $467.5 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $437.7 million.
