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Itron posts third-quarter earnings gain ...

Itron Inc. announced third-quarter net income of $9.2 million, or 35 cents a diluted share, compared with $6 million, or 23 cents a share, in the year earlier period. The maker of utility meter-reading technologies said revenues grew 17 percent, to $164.7 million, in the third quarter, compared with a year earlier. "We had our highest quarterly revenue in the company's history despite the expected decline from the first half of the year in revenue associated with our Progress Energy contract," which is winding down, the company said. "The overall level of activity in the industry continues to be high, and our competitive position remains excellent."


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