LIBERTY LAKE, Wash. (WR) _ Itron Inc. (ITRI) on Monday reported a second-quarter lack of $62.eight million, after reporting a revenue in the identical interval a 12 months earlier.
On a per-share foundation, the Liberty Lake, Washington-based firm mentioned it had a lack of $1.56. Earnings, adjusted for one-time good points and prices, got here to three cents per share.
The outcomes topped Wall Road expectations. The common estimate of 4 analysts surveyed by Zacks Funding Analysis was for a lack of 21 cents per share.
The vitality and water meter firm posted income of $509.6 million within the interval.
Itron shares have dropped 15% for the reason that starting of the 12 months. Within the ultimate minutes of buying and selling on Monday, shares hit $71.41, a climb of 17% within the final 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks inventory report on ITRI at https://www.zacks.com/ap/ITRI