Iteris: Fiscal 2Q Earnings Snapshot
SANTA ANA, Calif. (AP) _ Iteris Inc. (ITI) on Tuesday reported a loss of $1.3 million in its fiscal second quarter.
On a per-share basis, the Santa Ana, California-based company said it had a loss of 4 cents. Losses, adjusted for non-recurring costs, came to 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The vehicle detection and traffic control company posted revenue of $24.4 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $4.60. A year ago, they were trading at $6.86.