Recap: Itron Q3 Earnings

Shares of Itron ITRI were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 41.35% over the past year to $0.61, which beat the estimate of $0.25.

Revenue of $540,184,000 decreased by 13.50% from the same period last year, which beat the estimate of $540,010,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Itron hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Nov 02, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/8u499cau

Price Action

52-week high: $88.32

52-week low: $40.48

Price action over last quarter: Up 1.71%

Company Overview

Itron Inc provides solutions that measure, manage, and analyze energy and water use. The company's metering systems fall into three categories: standard, advanced, and smart metering systems. Standard metering systems measure electricity, natural gas, water, or thermal energy and require manual reading by a utility representative or service provider. These meters contribute the majority of Itron's sales. Advanced metering systems use a meter with a communication module that can collect, store, and transmit data. Smart metering systems can collect and send data, remotely connect and disconnect service to the meter, receive commands, and interact with other devices, including smart thermostats and appliances. Itron generates the majority of its revenue outside of the United States.