November 2, 2012 in Business

Itron Inc.

Utility technology company
 
Symbol: ITRI
Reporting period:

3Q 2012

Earnings:

$42.4 million

(90 cents per share)

Versus 3Q 2011:

Loss of $515 million

($12.70 per share)

Revenue: $504 million, compared with $616 million a year earlier
Analysis:

The 3Q 2011 numbers reflect a $540 million goodwill impairment Itron wrote off due to adverse equity market conditions. Current-year profits have been affected by “business revenues that were flat year-over-year as we saw some softening in the U.S. market,” said CEO LeRoy Nosbaum.


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