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January 25, 2013 9:00 AM, EST
Iteris Reports Rise in 3Q Net Income

Iteris Inc., a provider of traffic management technology, reported a higher profit for its fiscal third quarter.

Net income rose to $1.1 million, or 3 cents per share, from $747,000, or 2 cents, a year earlier.

Revenue for the quarter ended Dec. 31 fell 6% to $14 million on a 23% decline in roadway sensor sales, Iteris said.