Itron Q4 Results Top Estimates; Guides Q1, FY24 Profit Well Above View; Stock Up 17%
(RTTNews) - Itron, Inc. (ITRI) reported Monday net income attributable to the company for the fourth quarter of $44.39 million or $0.96 per share, higher than $22.21 million or $0.49 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.23 per share, compared to $0.71 per share last year.
Total revenues for the quarter increased 23 percent to $577.17 million from $467.49 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.75 per share on revenues of $570.23 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the first quarter, the company expects adjusted earnings in a range of $0.80 to $0.90 per share on revenues between $575 million and $585 million.
Analysts are expecting earnings of $0.58 per share on revenues of $541.74 million for the quarter. For fiscal 2024, the company projects adjusted earnings in a range of $3.40 to $3.80 per share on revenues between $2.275 billion and $2.375 billion. The Street is looking for earnings of $3.12 per share on revenues of $2.29 billion for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Itron Q2 Results Top Estimates; Boosts FY24 Outlook; Stock Up 7%
Itron Guides Q1 FY23 Adj. EPS Below Estimates - Update
Itron Q3 Profit Tops Estimates, But Revenues Miss; Guides Q4 Well Below View
Australian Dollar Rises Against Majors
Australian Market Extends Early Gains In Mid-market
Asian Markets Track Wall Street Higher
Indian Shares Likely To Open On Firm Note
