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Itron, Inc. $ITRI rose 20% today following the release of its Q2 earnings report.
EPS: 1.59 Est:1.29
ARR: It rose by 21% to $417 million.
Backlog: 4.4 billion
The company's quarterly revenue fell 7.2% YoY to $562.9 million, below analysts' revenue expectations. The market attributed this decline in revenue to shifts in project schedules, opting instead to price in the company's structural profitability strength and high profit margins.