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Itron, Inc. Message Board

  • nusaiba nusaiba Apr 30, 2008 4:15 PM Flag

    ITRI REPORTED LOWER INCOME TAX 19% THIS Q VS 34% LAST YEAR.BE A WARE OF THIS.READ

    Our GAAP tax rate was 19% for the first quarter of 2008, which was substantially lower than the rate of 37% in the same quarter of 2007. The lower rate in 2008 is primarily due to lower tax rates for Actaris as well as a one-time net tax benefit in the first quarter related to subsidiary interest expense.

 
ITRI
30.84+0.67(+2.22%)Jul 29 4:00 PMEDT