Itron (ITRI) Tops Q3 EPS by 29c, Revenues Miss; Lowers FY18 EPS/Revenue Outlook Below Consensus
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Itron Announces Third Quarter 2018 Financial Results
November 5, 2018 4:05 PM ESTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its third quarter ended Sept. 30, 2018. Key results for the quarter include:
Revenue of $596 million, compared with $487 million in the third quarter of 2017; Gross margin of 33.1 percent, compared with 34.1 percent in the third quarter of 2017; GAAP diluted earnings per share (EPS) of 50 cents, compared with 65 cents in the third quarter of 2017; Non-GAAP diluted EPS of $1.13, compared with 77 cents in the third quarter of 2017;... More