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Iteris: Fiscal 4Q Earnings Snapshot

June 9, 2020 GMT

SANTA ANA, Calif. (AP) _ Iteris Inc. (ITI) on Tuesday reported fiscal fourth-quarter net income of $217,000, after reporting a loss in the same period a year earlier.

The Santa Ana, California-based company said it had net income of 1 cent per share.

The vehicle detection and traffic control company posted revenue of $30.9 million in the period.

For the year, the company reported that its loss narrowed to $5.6 million, or 14 cents per share. Revenue was reported as $114.1 million.

In the final minutes of trading on Tuesday, the company’s shares hit $5. A year ago, they were trading at $5.17.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITI at https://www.zacks.com/ap/ITI

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