Itron Inc.
Provides equipment and software services for utilities
| Stock symbol:
ITRI |
| Reporting period:
1Q |
| Earnings:
Profit of $25.4 million 63 cents per share
Versus 1Q 2011: Profit of $27.1 million 66 cents per share |
| Revenue:
$571.6 million |
| Analysis:
Itron missed Wall Street expectations and incurred higher operating costs as it spent more on product development, new software and adding sales staff in Asia and Latin America. |