Benzinga | Aug 3, 2020 04:46PM EDT

Itron: Q2 Earnings Insights

Shares of Itron (NASDAQ:ITRI) fell 2.39% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 96.55% year over year to $0.03, which beat the estimate of ($0.21).

Revenue of $509,594,000 declined by 19.75% year over year, which beat the estimate of $486,560,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 03, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/dzzc7c5m

Recent Stock Performance

52-week high: $88.32

52-week low: $40.48

Price action over last quarter: Up 26.36%

Company Profile

Itron Inc provides solutions that measure, manage, and analyze energy and water use. The company's metering systems fall into three categories: standard, advanced, and smart metering systems. Standard metering systems measure electricity, natural gas, water, or thermal energy and require manual reading by a utility representative or service provider. These meters contribute the majority of Itron's sales. Advanced metering systems use a meter with a communication module that can collect, store, and transmit data. Smart metering systems can collect and send data, remotely connect and disconnect service to the meter, receive commands, and interact with other devices, including smart thermostats and appliances. Itron generates the majority of its revenue outside of the United States.