Itron (ITRI) reported quarterly earnings results on Thursday, Aug-11-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.32. The company posted revenue of $498.00 million in the period, compared to analysts expectations of $450.23 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Itron opened for trading at $43.13 and hit $43.69 on the upside on Monday, eventually ending the session at $43.33, with a gain of 0.16% or 0.07 points. The heightened volatility saw the trading volume jump to 58,781 shares. Company has a market cap of $1,657 M.
In a different news, on Jun 8, 2016, Jon E Eliassen (Chairman of the Board) sold 2,000 shares at $45.00 per share price. According to the SEC, on Feb 23, 2016, Shannon M. Votava (VP/General Counsel/Corp Sec) sold 981 shares at $39.80 per share price. On Feb 19, 2016, Thomas S Glanville (director) sold 2,000 shares at $39.56 per share price, according to the Form-4 filing with the securities and exchange commission.
Itron Inc. (Itron) is a technology and service company offering metering solutions to electric natural gas and water utilities around the world. The Company provides solutions that measure manage and analyze energy and water use. The Company operates in three segments: Electricity which is the is the supplier of electricity metering solutions including standard meters and advanced and smart metering systems; Gas which is the supplier of gas metering solutions including standard meters and advanced and smart metering systems and Water which is the supplier of standard and advanced water meters and communication modules. Its applications include residential and commercial industrial markets for water and heat. Its services include licensing meter data management and analytics software managed services software-as-service (hosted software) technical support services licensing hardware technology and consulting services.