Itron: Q4 Earnings Snapshot

Associated Press Finance
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LIBERTY LAKE, Wash. (AP) — LIBERTY LAKE, Wash. (AP) — Itron Inc. (ITRI) on Monday reported fourth-quarter earnings of $44.4 million.

The Liberty Lake, Washington-based company said it had profit of 96 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The energy and water meter company posted revenue of $577.2 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $570.8 million.

For the year, the company reported profit of $96.9 million, or $2.11 per share. Revenue was reported as $2.17 billion.

For the current quarter ending in March, Itron expects its per-share earnings to range from 80 cents to 90 cents.

The company said it expects revenue in the range of $575 million to $585 million for the fiscal first quarter.

Itron expects full-year earnings in the range of $3.40 to $3.80 per share, with revenue ranging from $2.28 billion to $2.38 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITRI at https://www.zacks.com/ap/ITRI

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