Itron (ITRI) Tops Q2 EPS by 2c, Trims FY EPS Guidance

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Itron Announces Second Quarter 2018 Financial Results

August 6, 2018 4:05 PM EDT

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its second quarter ended June 30, 2018. Key results for the quarter include:

Revenue of $586 million, compared with $503 million in the second quarter of 2017; Gross margin of 30 percent, compared with 35 percent in the second quarter of 2017; GAAP diluted earnings per share (EPS) of 7 cents, compared with 36 cents in the second quarter of 2017; Non-GAAP diluted EPS of 51 cents, compared with 71 cents the second quarter of 2017;... More