Stock charts show both WestRock and Itron rallying into buy zones after reporting better-than-expected earnings Thursday.
Itron, which develops electrical power meters and associated devices and software, saw Q1 earnings balloon 153% to $1.24 per share with revenue growing 22% to $603 million. Analysts expected EPS of 84 cents and sales totaling $579.5 million. Meanwhile, WestRock reported Q2 earnings falling 49% to 39 cents per share with revenue slipping 10% to $4.73 billion. However, analysts projected EPS of 24 cents while sales were projected to be $4.75 billion. WestRock makes corrugated paper packaging products.
WestRock stock and Itron stock both advanced more than 6% during market action Thursday.
The move sent Itron briefly above a 96.73 buy point from a flat base, according to MarketSurge stock chart analysis. The move was also actionable as a rebound from support at Itron's 50-day moving average. That test came on a three-day pullback after Itron previously topped the entry on April 26.
Itron has climbed 31% since the start the year.
WestRock stock briefly punched more than 6% higher, then eased on Thursday. That scored a breakout above a 49.67 entry from a flat base pattern, according to the MarketSurge stock chart. WestRock is up nearly 22% year to date.
Itron stock has an 89 Composite Rating out of a best-possible 99. Shares also have a 93 Relative Strength Rating and an 82 EPS Rating.
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