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Itron Updates FY18 Outlook

Itron, Inc. (ITRI) announced, for 2018, the company now projects non-GAAP diluted EPS between $2.75 - $2.90, revised from previous guidance of $2.95 - $3.35. Revenue is expected to be between $2.425 - $2.475 billion, revised from previous guidance of $2.33 to $2.43 billion

For the second-quarter, non-GAAP EPS was $0.51, compared with $0.71 in the second quarter of 2017. Revenue was $586 million, compared with $503 million in the second quarter of 2017. Excluding $74 million from the acquired Networks segment, total revenue increased 2 percent.

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