Itron (ITRI) Tops Q2 EPS by 3c, Beats on Revenues

Itron (NASDAQ: ITRI) reported Q2 EPS of $0.71, $0.03 better than the analyst estimate of $0.68. Revenue for the quarter came in at $503 million versus the consensus estimate of $491.8 million.

• Revenue of $503 million, compared with $513 million in the second quarter of 2016;
• Gross margin of 35.4 percent, compared with 33.1 percent in the second quarter of 2016;
• GAAP diluted earnings per share of 36 cents, compared with 52 cents in the second quarter of 2016; and
• Non-GAAP diluted earnings per share of 71 cents, compared with 65 cents in the second quarter of 2016.
• Results include the impact of the Comverge acquisition as of the transaction close date of June 1, 2017. The acquisition contributed $5 million of distributed energy management (DEM) revenue reported in the Electricity segment and a net loss of $2 million, including acquisition and integration-related expenses and amortization of intangibles.

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

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