Itron Q2 Adj EPS $0.65 Beats $0.31 Estimate, Sales $541.07M Beat $518.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Itron (NASDAQ:ITRI) reported Q2 earnings of $0.65 per share, beating the analyst consensus estimate of $0.31 by 109.68%. This is a 828.57% increase from the same period last year. The company also reported quarterly sales of $541.07 million, beating the analyst consensus estimate of $518.01 million by 4.45%. This is a 25.28% increase from the same period last year.
August 04, 2023 | 1:18 pm
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POSITIVE IMPACT
Itron's Q2 earnings and sales significantly exceeded estimates, which could positively impact its stock price.
Itron's Q2 earnings and sales beat analyst estimates by a significant margin. This outperformance could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100