01:30 PM EDT, 10/30/2025 (MT Newswires) -- (Updates with the latest stock movement in the first paragraph and headline.)

Itron ( ITRI ) shares were down over 17% in recent Thursday trading following its Q3 results.

Earlier, the company reported Q3 non-GAAP earnings of $1.54 per diluted share, down from $1.84 a year earlier.

Analysts polled by FactSet expected $1.48.

Revenue for the quarter ended Sept. 30 was $581.6 million, down from $615.5 million a year earlier.

Analysts surveyed by FactSet expected $578.5 million.

For Q4, the company said it expects non-GAAP EPS of $2.15 to $2.25. Analysts polled by FactSet expect $1.46. Revenue for the quarter is forecast at between $555 million and $565 million. Analysts expected $587 million.

For 2025, Itron ( ITRI ) raised its non-GAAP EPS guidance to a range of $6.84 to $6.94, from a prior range of $6.00 to $6.20. Analysts polled by FactSet expected $6.04.

Full-year revenue is now expected at $2.35 billion to $2.36 billion, compared with prior range of $2.35 billion to $2.40 billion. Analysts expected $2.38 billion.

Price: 114.41, Change: -23.77, Percent Change: -17.20