Seeking Alpha

Itron (ITRI +9.5%) jumps after soundly beating Q2 estimates with the help of a 270 bps Y/Y...

Itron (ITRI +9.5%) jumps after soundly beating Q2 estimates with the help of a 270 bps Y/Y improvement in gross margin. The smart meter vendor guided for 2012 revenue of $2.1B-$2.2B and EPS of $3.80-$4 - the former is below a $2.24B consensus, but the latter is largely above a Street forecast of $3.80. During its earnings call, Itron talked up the growth outlook for its water meter business, which it hopes will offset slower demand for gas meters.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|