Earnings: Itron Inc. reports 4Q, fiscal year losses
Record quarterly revenue a positive, says Nosbaum
| Stock symbol: ITRI |
| Reporting period: 4Q 2011 |
| Earnings:
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. |