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. |