Itron Q1 Adj. Profit Tops View - Quick Facts

(RTTNews) - Itron Inc. (ITRI) Thursday reported first-quarter net loss attributable to the company of $254 thousand or $0.01 per share, compared to net income of $2.6 million or $0.06 per share last year.

Adjusted net income for the quarter was $12.2 million, down from $12.5 million in the prior year quarter. Earnings for the latest first quarter was $0.31 per share, same as last year. Analysts polled by Thomson Reuters estimated earnings of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $474.80 million, compared to $447.54 million last year. Analysts estimated revenues of $443.29 million for the quarter.

Separately, Itron announced that Steven Helmbrecht, the company's executive vice president or EVP and chief financial officer or CFO, will be departing effective December 31, 2014.

The company said it will conduct a search for external candidates to fill the position. In the interim, Helmbrecht will continue as EVP and CFO of the company.