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.
Image source: Getty Images.
Source Fool.com
Itron Inc. Aktie
89,08 €
-0,18 %
Und die Aktie ist derzeit mit 14 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung ein Geheimtipp unserer Community.
Ein Kursziel von 111 € für Itron Inc. signalisiert eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 89.08 €.
