February 16, 2012 in Business

Earnings: Itron Inc. reports 4Q, fiscal year losses

Record quarterly revenue a positive, says Nosbaum
Stock symbol: ITRI
Reporting period: 4Q 2011

Loss of $54.6 million

($1.35 per share)

Versus 4Q 2010:

Profit of $26.6 million

(66 cents per share)

Revenue : $642.5 million
Analysis: CEO LeRoy Nosbaum noted the fourth quarter produced record revenue, but the bottom line was hurt by $65 million in restructuring charges, $44.4 million to complete a goodwill impairment and a warranty charge.

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