Itron Q2 Profit Meets Estimate - Quick Facts

(RTTNews) - Itron Inc. (ITRI) reported second-quarter net income attributable to the company of $12.4 million or $0.31 per share, compared to $31.6 million or $0.79 per share in the comparable quarter last year.

Adjusted net income was $22.9 million or $0.58 per share, down from $46.5 million or $1.16 per share in the year-ago period. On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $482.18 million, compared to $579.14 million in the prior year, while fourteen analysts had a consensus revenue estimate of $485.16 million for the quarter.

Looking ahead to the full-year 2013, the company expects Non-GAAP earnings in the range of $2.25 to $2.55 per share and revenue between $1.95 and $2.0 billion. Analysts currently expect earnings of $2.80 per share on revenue of $2.00 billion for full year 2013.