Why Itron (ITRI) Shares Are Plunging Today
Update: 2025-10-30
Description
Itron's stock plummeted by over thirteen percent on October 30th after the company issued a gloomy outlook for the fourth quarter, despite beating Wall Street's expectations for third-quarter revenue and earnings. The company's acquisition of Urbint and strong second-quarter performance suggest underlying financial strength, but investors are concerned about the weaker-than-expected fourth-quarter projection and potential revenue issues. Despite short-term volatility, long-term investors are still in a positive position, and the recent drop may present an opportunity for those who believe in the company's long-term potential.
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