Itron Beats Q4 Expectations, Sets Guidance for Q1 and Full Year

Management projects first-quarter earnings of $1.20 to $1.30 per share, with revenue of $565 million to $575 million.

Overview

Itron reported fourth-quarter net income of $101.6 million, equal to GAAP earnings of $2.21 per share.
Adjusted fourth-quarter earnings were $2.46 per share, topping the Zacks consensus estimate of $2.19.
Quarterly revenue came in at $571.7 million, above the $561.8 million expected by analysts surveyed by Zacks.
For the year, the company posted profit of $301.1 million, or $6.50 per share, on revenue of $2.37 billion.
Full-year guidance calls for earnings of $5.75 to $6.25 per share and revenue of $2.35 billion to $2.45 billion.