US

Iteris reports 3Q loss

SANTA ANA, Calif. (AP) _ Iteris Inc. (ITI) on Thursday reported a loss of $1.4 million in its fiscal third quarter.

The Santa Ana, California-based company said it had a loss of 4 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The vehicle detection and traffic control company posted revenue of $22.7 million in the period.

Iteris shares have risen 43 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.22, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITI at https://www.zacks.com/ap/ITI

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Keywords: Iteris, Earnings Report