Itron Announces Second Quarter 2015 Financial Results
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August 6, 2015 9:58 AM EDT
Baird analyst Ben Kallo reiterated an Outperform rating but lowered his price target on Itron (NASDAQ: ITRI) to $38.00 (from $45.00) following disappointing results.
Kallo commented, "ITRI had strong revenue but missed consensus EPS after accounting for the warranty impact in its Water segment,... More
August 5, 2015 4:24 PM EDT
Itron (NASDAQ: ITRI) reported Q2 EPS of ($0.38), $0.38 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $470 million versus the consensus estimate of $450 million.
Itron alo that Tom Deitrich has been appointed executive vice president (EVP) and chief operating officer (COO).
Deitrich will join Itron in October, bringing more than 20 years of experience in global operations at leading technology firms, including Freescale Semiconductor, Inc. (Freescale); Flextronics International, Inc. (Flextronics); Sony Ericsson Mobile Communications, Inc. (Sony); and General Electric Corporation (GE). Throughout his career, he has held a number of executive... More
