Itron's Q3 Total Backlog Of $4.3B Increased 3%
Portfolio Pulse from Benzinga Newsdesk
Itron's total backlog for Q3 has increased by 3% to $4.3 billion.
November 02, 2023 | 12:41 pm
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Itron's Q3 total backlog has increased by 3% to $4.3 billion, indicating a positive outlook for the company's future revenues.
An increase in backlog indicates a rise in future revenues as these are orders that the company has received but not yet fulfilled. This is generally seen as a positive sign for the company's future performance, which could lead to a rise in the stock price in the short term.
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