Iteris: Q3 Earnings Insights


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Shares of Iteris (NASDAQ:ITI) rose in after-market trading after the company reported Q3 results.

Quarterly Results

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Earnings per share were flat 0.00% year over year to ($0.00), which missed the estimate of $0.01.

Revenue of $28,170,000 declined by 1.96% year over year, which missed the estimate of $29,090,000.

Guidance

Iteris hasn't issued any earnings guidance for the time being.

Iteris hasn't issued any revenue guidance for the time being.

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Date: Feb 02, 2021

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/4rne2cys

Technicals

52-week high: $7.81

Company's 52-week low was at $2.08

Price action over last quarter: Up 68.62%

Company Overview

Iteris Inc is engaged in the technology sector as a provider of mobility infrastructure management. The company operates through two segments: Roadway Sensors and Transportation Systems. The Roadway Sensors segment provides various advanced detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. The Transportation Systems segment provides traffic engineering and consulting services, as well as performance measurement, traffic analytics, traveler information, and commercial vehicle operating software solutions. Its products include Vantage, VantagePegasus, VantageRadius, SmartCycle, SmartCycle Bike Indicator, SmartSpan, VersiCam, PedTrax, P-Series products, and other products.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: EarningsBZI-Recaps