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Iteris Reports Loss for Fiscal 3Q

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2/11/2011 10:45:00 AM

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said it had a net loss in its third fiscal quarter.

The loss was $7 million, or 20 cents per share, compared with a $709,000 profit, or 2 cents, a year earlier, the company said late Thursday.

Operating loss was $7.7 million, compared with a $694,000 profit last year.

Net sales and contract revenue grew 3.4% to $14 million for the fiscal quarter ended Dec. 31, Iteris said.

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