Itron Inc. (ITRI) reported a third-quarter net loss of $2.962 million compared to profit of $5.600 million last year. Loss per share was $0.07 compared to profit of $0.15 per share last year.
Non-GAAP net income decreased to $18.201 million from $29.869 million last year. Non-GAAP earnings per share was $0.45 compared to $0.81 prior year.
On average, 16 analysts polled by Thomson Reuters expected the company to report profit of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $408.358 million from $484.818 million a year ago. Analysts expected revenue of $418.52 million for the quarter.
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