Itron shares fall after lower first quarter profit and revenue, weak second quarter outlook
Updated
Updated · MarketWatch · Apr 28
Itron shares fall after lower first quarter profit and revenue, weak second quarter outlook
7 articles · Updated · MarketWatch · Apr 28
Itron's net income dropped to $53.5 million on $587 million revenue, both down year-on-year, with shares closing at $85.21, nearly 2% lower.
Adjusted earnings per share beat analyst estimates at $1.49, but second quarter guidance of $560–$570 million revenue and $1.25–$1.35 EPS is below expectations.
The company attributes declines to portfolio optimization and project timing, with analysts previously forecasting stronger results for both quarters.
Itron's Q1 results beat expectations, so why did its weak forecast trigger a stock price drop?
How will systemic U.S. grid investment deficits impact Itron's long-term growth prospects?
Is Itron's 'portfolio optimization' a smart strategic pivot or a sign of deeper business challenges?
Can Itron's new AI strategy overcome the gridlock plaguing the entire infrastructure industry?
After a recent data breach, how can Itron assure clients its new grid solutions are secure?