Itron Q4 Adj EPS $1.23 Beats $0.75 Estimate, Sales $577.17M Beat $570.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Itron (NASDAQ:ITRI) reported Q4 adjusted EPS of $1.23, surpassing the $0.75 estimate, and sales of $577.17M, exceeding the $570.23M estimate. This represents a 73.24% increase in earnings and a 23.46% increase in sales from the same period last year.
February 26, 2024 | 1:31 pm
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Itron reported a significant beat on both earnings and sales estimates for Q4, with adjusted EPS at $1.23 against a $0.75 estimate and sales at $577.17M versus a $570.23M estimate.
Itron's significant beat on both earnings and sales for Q4, with a substantial year-over-year growth in earnings (73.24%) and sales (23.46%), is likely to positively impact investor sentiment and potentially lead to a short-term increase in stock price. The company's performance exceeds analyst expectations, indicating strong operational efficiency and market demand for its offerings.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100