Itron Announces Third Quarter 2020 Financial Results and Operational Update

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Go back to Itron Announces Third Quarter 2020 Financial Results and Operational Update

Itron (ITRI) Tops Q3 EPS by 36c

November 2, 2020 8:32 AM EST

Itron (NASDAQ: ITRI) reported Q3 EPS of $0.61, $0.36 better than the analyst estimate of $0.25. Revenue for the quarter came in at $540 million versus the consensus estimate of $539.39 million.

Key results for the quarter include (compared with the third quarter of 2019):

Revenue of $540 million, compared with $624 million;Gross margin of 26.5%; compared with 31.5%;GAAP net loss of $(25) million, compared with net income of $17 million;GAAP loss per share of $(0.63), compared with GAAP diluted earnings per share (EPS) of... More