SANTA ANA, Calif. (AP) _ Iteris Inc. (ITI) on Tuesday reported a loss of $1.6 million in its fiscal first quarter.
On a per-share basis, the Santa Ana, California-based company said it had a loss of 5 cents.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 5 cents per share.
The vehicle detection and traffic control company posted revenue of $26.6 million in the period.
Iteris shares have increased 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.06, a rise of 2% in the last 12 months.