09:47 AM EDT, 05/01/2025 (MT Newswires) -- Itron ( ITRI ) shares were down 3.7% in early trading Thursday after the company reported Q1 revenue below expectations.

The company reported Q1 non-GAAP earnings Thursday of $1.52 per diluted share, up from $1.24 a year earlier.

Analysts polled by FactSet expected $1.32.

Revenue for the quarter ended March 31 was $607.2 million, up from $603.4 million a year earlier.

Analysts surveyed by FactSet expected $614.5 million.

The company said it expects Q2 non-GAAP diluted EPS between $1.30 and $1.40, and revenue between $605 million and $615 million. Analysts polled by FactSet expect $1.28 and $607.5 million, respectively.

Price: 107.14, Change: -4.15, Percent Change: -3.73