Itron shares are trading higher after the company reported better-than-expected Q2 financial results. Also, the company raised its FY24 guidance above estimates and issued Q3 guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Itron shares are trading higher after the company reported better-than-expected Q2 financial results. Additionally, the company raised its FY24 guidance above estimates and issued Q3 guidance above estimates.
August 01, 2024 | 2:05 pm
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Itron shares are trading higher following the release of better-than-expected Q2 financial results. The company also raised its FY24 guidance above estimates and issued Q3 guidance above estimates.
The better-than-expected Q2 financial results and the raised FY24 and Q3 guidance are positive indicators for Itron's future performance. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100