Iteris’ Income Decreases in Fiscal 3Q

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal third-quarter profit decreased from a year ago.

Net income was $709,000, or 2 cents per share, down from $741 million, or 2 cents, a year earlier, the company said.

Net sales and contract revenue fell 17.5% to $13.6 million for the fiscal quarter ended Dec. 30, Iteris said.