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Updated:
7/23/2010 8:15:00 AM
Iteris’ Income Jumps in Fiscal 1Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit jumped from a year ago.
Net income was $797,000, or 2 cents per share, compared with $144,000, or zero cents, a year earlier, the company said.
Operating income was $1.4 million, up from $321,000 last year.
Net sales and contract revenue grew 7.1%% to $15.7 million for the fiscal quarter ended June 30, Iteris said.
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