October 31, 2013 in Business

Itron earnings report

Stock symbol: ITRI
Reporting period: 3Q

Loss of $7.3 million

(19 cents per share)

Versus 3Q 2012:

Profit of $35.3 million

90 cents per share

Revenue: $495 million

Compared with $504 million in 3Q 2012.

Analysis: Declines in quarterly sales and earnings came from lower revenue in the energy segment, primarily related to the completion of several smart meter installations in North America, partially offset by an increase in water segment revenues, said CEO Philip Mezey.

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