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Itron Boosts Efficiency With High-Tech Meters.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Julie Huynh
After notching an intraday high of 34.21 on Dec. 5, Itron has been working on a 16-week base. It's 13% off its peak.
The firm makes high-tech meter systems that send data from meters to utilities over radio waves. Earlier this month, the firm acquired LineSoft, a provider of software solutions and engineering consulting services to the utility industry.
Although the company lost money in 1996, 1998 and 1999, earnings bounced back nicely in 2000 and 2001. Earnings per share rose 73% in fiscal 2001's fourth quarter after triple-digit growth the previous three ...
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