Itron Q2 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - Itron Inc. (ITRI) Tuesday reported second-quarter net income attributable to the company of $19.3 million or $0.49 per share, compared to $12.4 million or $0.31 per share in the comparable quarter last year.

Adjusted net income for the quarter was $21.4 million or $0.54 per share, down from $22.9 million or $0.58 per share in the prior year quarter. Analysts polled by Thomson Reuters estimated earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $489.35 million, compared to $482.18 million last year, while ten analysts estimated revenues of $465.61 million for the quarter.

For full-year 2014, the company expects non-GAAP earnings in the range of $1.50 to $1.80 per share and revenue of $1.9 billion to $1.98 billion. Analysts now expect earnings of $1.60 per share on revenue of $1.91 billion.