Baird Reiterates Outperform on Itron (ITRI) Following Solid 1Q Report - PT to 47
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Itron Announces First Quarter 2016 Financial Results
August 11, 2016 4:30 PM EDTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) today announced financial results for its first quarter ended March 31, 2016. A supplemental presentation summarizing the results for the first quarter is also available on the companys website at www.itron.com. Financial highlights for the quarter include:
Revenues of $498 million, an increase of 11 percent from first quarter 2015, and 15.5 percent excluding foreign exchange impact; Gross margin of 32.8 percent, an increase of 180 basis points; GAAP diluted earnings per share of 26... More