Iteris Q1 EPS $0.05 Beats $(0.01) Estimate, Sales $43.55M Beat $38.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iteris (NASDAQ:ITI) reported Q1 earnings of $0.05 per share, beating the analyst consensus estimate of $(0.01) by 600 percent. This is a 145.45 percent increase over losses of $(0.11) per share from the same period last year. The company also reported quarterly sales of $43.55 million, beating the analyst consensus estimate of $38.33 million by 13.61 percent, a 29.34 percent increase over sales of $33.67 million the same period last year.
August 08, 2023 | 9:22 pm
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POSITIVE IMPACT
Iteris reported a significant increase in Q1 earnings and sales, beating analyst estimates. This could potentially lead to a positive market reaction.
Iteris has reported a significant increase in both earnings and sales for Q1, beating analyst estimates. This positive financial performance is likely to be viewed favorably by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100