Oppenheimer Upgrades Itron (ITRI) to Outperform
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Itron Announces Third Quarter 2016 Financial Results
November 2, 2016 4:09 PM EDTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its third quarter ended Sept. 30, 2016. Highlights for the quarter include:
Revenues of $507 million, an increase of 8 percent from the third quarter 2015; Gross margin of 33.7 percent, an increase of 230 basis points; Restructuring charges of $41 million recorded; GAAP diluted loss per share of 26 cents, compared with earnings of 33 cents per diluted share in the third quarter 2015; Non-GAAP diluted earnings per share of 77 cents,... More
