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Itron, Inc.

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Itron’s fourth-quarter 2015 earnings surged 111% year over year to $0.77 per share driven by lower operating expenses attributable to reduced variable compensation and higher gross margin performance in the Gas business. Revenues, on the other hand, declined roughly 4% year over year due to unfavorable currency impact. Itron expects earnings per share in the range of $1.95–$2.25 for 2016 on the back of revenues that will come within $1.85–$1.95 billion. Significant backlog growth, benefits from restructuring and Itron OpenWay Riva next generation platform are expected to drive revenue growth and improved profitability. However, Itron will be hurt by fluctuation in currency rates. Higher expenses and increased competition will also remain as headwinds for the company in the near term.


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