Why Itron Stock Soared 26% Higher Today
Smart meter and sensor specialist (NASDAQ: ITRI) sure looked like a smart investment on Tuesday. The company's share price skyrocketed by more than 26% on a second-quarter earnings report that investors found more than pleasing.
That morning, Itron revealed that revenue for the period fell 7% year over year to $563 million. The company's bottom line also slumped, with net income not in accordance with generally accepted accounting principles (non-GAAP, or adjusted) sliding to $71 million ($1.59 per share) from $75 million.
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Source Fool.com
Itron Inc. Stock
€87.74
0.020%
Itron Inc. is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
As a result the target price of 111 € shows a positive potential of 26.51% compared to the current price of 87.74 € for Itron Inc..
