Itron Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Itron Inc. (ITRI) revealed earnings for third quarter that dropped from last year.

The company's profit came in at $19.88 million, or $0.50 per share. This compares with $25.58 million, or $0.65 per share, in last year's third quarter.

Excluding items, Itron Inc. reported adjusted earnings of $45.05 million or $1.13 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.4% to $595.96 million from $486.75 million last year.

Itron Inc. earnings at a glance:

-Earnings (Q3): $45.05 Mln. vs. $30.59 Mln. last year. -EPS (Q3): $1.13 vs. $0.77 last year. -Analysts Estimate: $0.84 -Revenue (Q3): $595.96 Mln vs. $486.75 Mln last year.

-Guidance: Full year EPS guidance: $2.40 - $2.50 Full year revenue guidance: $2.370 - $2.390 Bln