Itron (ITRI) Tops Q2 EPS by 24c, Revenues Beat
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Itron Announces Second Quarter 2020 Financial Results and Provides Update on COVID-19
August 3, 2020 4:05 PM EDTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its second quarter ended June 30, 2020. Key results for the quarter include (compared with the second quarter of 2019):
Revenue of $510 million, compared with $635 million; Gross margin of 27.2%; compared with 30.1%; GAAP net loss of $(63) million, compared with net income of $19 million; GAAP loss per share of $(1.56), compared with GAAP diluted earnings per share (EPS) of $0.49; Non-GAAP diluted EPS of $0.03, compared with $0.87; Adjusted EBITDA of $31 million, compared with $73 million;... More