Iteris’ Income Falls for Fiscal 1Q

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

Net income was $144,000, or 0 cents per share, down from $666,000 million, or 2 cents, a year earlier, the company said.

Net sales and contract revenue fell 16.1% to $15.6 million for the fiscal quarter ended June 30, Iteris said.