- Obama Reiterates Commitment to Boost US-India Ties
- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- UK Retailers Face a 'Very Blah' Christmas
- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Fed Sanguine About US Recovery, Worried on Jobs
- MGM Pitches Sale to 20 Suitors, Including News Corp
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- The Social Media Gaming Threat
- NBA D-League On The Rise
- Obama Reiterates Commitment to Boost US-India Ties
- Australia Wheat Exporters Face Challenges: GrainCorp
- Stifling Anger at Work Can Kill, Survey Finds
- Japan Export Rebound Eases Fear of New Recession
- China Shipbuilding to Launch $937 Million China IPO
- Rethinking Work
Text Size 
* Q3 adj shr $0.45 vs est $0.50 * Revenue down 18 percent * Shares down 3 pct in post-market trade Oct 28 (Reuters) - Power meter maker Itron Inc posted quarterly results that missed estimates, hurt by lower spending by customers as they await approval of projects that may qualify for stimulus funding. Itron, which makes electricity, gas and water meters, has seen its sales getting deferred due to lackluster spending. For the third quarter, the company posted a loss of $3.0 million, or 7 cents a share, compared with a profit of $5.6 million, or 15 cents a share, a year ago. Excluding special items, the company posted a profit of 45 cents a share. Revenue fell 18 percent to $408.4 million. North American revenue was down 22 percent, hurt by fewer shipments of electric meters and Automatic Meter Reading (AMR) modules. Analysts on average were expecting earnings of 50 cents a share, before special items, on revenue of $418.5 million, according to Thomson Reuters I/B/E/S. Shares of the company fell 3 percent to $56.05 in post-market trade. They closed at $57.61 Wednesday on Nasdaq. (Reporting by Divya Sharma in Bangalore; Editing by Anne Pallivathuckal) Keywords: ITRON/ (divya.sharma@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: divya.sharma.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Print
Email
- Remember when auto shows were major events where new models could generate buzz?
- CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
- People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes