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Itron, Inc (ITRI) stock: In Limelight?
Itron, Inc. (NASDAQ: ITRI), a developer and manufacturer of smart infrastructure technology, released its first-quarter results. Itron was able to demonstrate the value of its solutions despite supply chain challenges and decreased revenue. Itron’s total revenue dropped 9% to $475 million in the third quarter (-6 percent excluding foreign exchange). Component shortages and supply chain issues have harmed Itron’s operations, preventing the company from satisfying all of its customers’ demands. Profits were also down against this backdrop. It was $1 million, or $0.02 per diluted share, versus $13 million and $0.3 the previous year. The order book (backlog) increased to
