Itron Raises Profit Outlook While Revenue Growth Remains Uneven
Itron Earnings beat estimates, but a revenue miss and softer Q3 sales outlook pushed shares lower before Wednesday’s open.
Itron made more profit than people expected, which is good news, but didn't sell as much stuff as hoped, so people aren't sure what to think. When a company's profit goes up but sales stay wobbly, it's a sign to watch whether they can keep growing in the coming months.
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