Itron Issues FY17 Guidance; Announces $50 Mln Share Buyback Authorization

(RTTNews) - Itron, Inc. (ITRI) announced, for 2017, the company expects: revenue between $1.9 and $2.0 billion; and Non-GAAP EPS between $2.80 and $3.10. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.97 on revenue of $2.08 billion. Analysts' estimates typically exclude special items.

On Feb. 23, 2017, the board of Itron authorized a new program to repurchase up to $50 million of Itron common stock over a 12-month period beginning Feb. 23, 2017. Repurchases under the program will be made in the open market in accordance with applicable securities laws.