Itron earnings report
Stock symbol: ITRI |
Reporting period: 3Q |
Earnings:
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. |