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Itron (ITRI) Soars 26% After Earnings Beat, Raised Growth Outlook
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Itron Inc. (NASDAQ:ITRI) saw its share price climb by 26.23 percent on Tuesday to end at $107.02 apiece, after beating its own earnings expectations, thanks to the strong demand for its services.
However, attributable net income finished at $53.27 million, lower by 22 percent than the $68.3 million in the same period a year earlier.
It also raised its growth outlook for the full-year 2026 period.
For full-year 2026, Itron Inc. (NASDAQ:ITRI) raised its revenue outlook to a range of $2.37 billion to $2.41 billion, or an implied flat growth to a 1.7 percent uptick from the $2.37 billion posted in 2025.
However, the new figures are higher than its earlier expectations of $2.35 billion to $2.45 billion.