Itron Q1 Revenue Declines 9%; Margins Shrink Due To Semiconductor Crisis
Itron, Inc (NASDAQ:ITRI) reported a first-quarter FY22 revenue decline of 9% year-on-year to $475 million, missing the consensus of $488.5 million. Device Solutions revenue declined 19% Y/Y to $139.6 million, and Networked Solutions revenue reduced 3% Y/Y to $278.8 million. Outcomes revenue decreased 3% Y/Y to $56.9 million. Bookings were $417 million. The…
Benzinga ·
Benzinga
