India, Feb. 26 -- Shares of Itron, Inc. (ITRI), a technology and services company, are climbing more than 13 percent Monday morning after reporting upbeat fourth-quarter results. The company also provided first-quarter as well as full-year outlook above the Street view.
The company reported a profit of $44.39 million or $0.96 per share, higher than $22.21 million or $0.49 per share in the prior-year quarter.
Excluding items, earnings were $1.23 per share, well above the average estimate of analysts polled by Thomson-Reuters of $0.75 per share.
Total revenues for the quarter increased 23 percent to $577.17 million from $467.49 million in the same quarter last year. The consensus estimate was for $570.23 million.
Looking ahead to the firs...