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
Pound Falls On Soft U.K. CPI Data
Indian Shares Extend Losses For Third Day
Pound Falls Against Majors
Thai Central Bank Cuts Rate By 25 Bps
