Itron (ITRI) Reports In-Line Q1 EPS, Beats on Revenues
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Itron Announces First Quarter 2018 Financial Results
May 14, 2018 4:05 PM EDTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its first quarter ended March 31, 2018. Highlights in the quarter include:
Completed acquisition of Silver Spring Networks on Jan. 5, 2018, which operates and reports as the new Itron Networks segment; Revenue of $607 million, compared with $478 million in the first quarter of 2017; Gross margin of 29.6 percent, compared with 33.0 percent in the first quarter of 2017; GAAP loss per share of $3.74, compared with earnings of 40 cents per diluted share in the... More