Itron (ITRI) Soars 26% After Earnings Beat, Raised Growth Outlook

Itron Inc. posted strong results in the second quarter, with shares gaining 26.23 percent to close at $107.02 on the news. The technology company reported non-GAAP diluted earnings per share of $1.59, exceeding its prior guidance range of $1.25 to $1.35, though this represented a $0.03 decline from the comparable quarter a year earlier. Revenue totaled $563 million, down 7 percent year-over-year but within the company’s projected range of $560 million to $570 million.
Company leadership a