Itron (NASDAQ: ITRI) reported Q4 EPS of $0.88, $0.20 better than the analyst estimate of $0.68. Revenue for the quarter came in at $587 million versus the consensus estimate of $593.16 million.

“A solid fourth quarter performance concluded the year as we transition to our new operating segments,” said Philip Mezey, Itron’s president and chief executive officer. “While we did experience some challenges during 2018, we have made significant progress on our strategic initiatives, restructuring programs and integration efforts to deliver long-term value for our customers and investors.”

“Looking ahead to 2019, we continue to execute on our strategy as we optimize our operations and drive progress on the technology roadmap,” continued Mezey. “We remain focused on delivering our financial and customer commitments as an energy, water and smart city leader.”

GUIDANCE:

Itron sees FY2019 EPS of $2.35-$2.75, versus the consensus of $3.31. Itron sees FY2019 revenue of $2.35-2.75 million, versus the consensus of $2.49 million.

For earnings history and earnings-related data on Itron (ITRI) click here.