10:02 AM EDT, 10/31/2024 (MT Newswires) -- Itron ( ITRI ) shares were up more than 10% in recent Thursday trading after the company reported Q3 adjusted earnings of $1.84 per diluted share, up from $0.98 a year earlier.

Analysts surveyed by Capital IQ expected $1.13.

Revenue for the quarter ended Sept. 30 was $615.5 million, up from $560.8 million a year earlier.

Analysts polled by Capital IQ expected $596.4 million.

Itron ( ITRI ) said it expects Q4 adjusted EPS of between $1 and $1.10 on revenue of $600 million to $610 million. Analysts surveyed by Capital IQ are expecting adjusted EPS of $1.03 and revenue of $598.1 million.

The company also said it expects fiscal 2024 adjusted EPS of $5.28 to $5.38, compared with a prior outlook of $4.45 to $4.65, and revenue of $2.43 billion to $2.44 billion compared with prior guidance of $2.39 billion to $2.42 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $4.61 and revenue of $2.41 billion.

Price: 114.52, Change: +10.66, Percent Change: +10.26