Iteris Q2 EPS $0.01 Vs $(0.17) last Year, Sales $43.56M Beat $41.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iteris (NASDAQ:ITI) reported Q2 earnings of $0.01 per share, a 105.88% increase from last year. The company also reported quarterly sales of $43.56 million, beating the analyst consensus estimate of $41.52 million by 4.91%. This is a 10.96% increase over sales from the same period last year.
November 09, 2023 | 9:21 pm
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POSITIVE IMPACT
Iteris reported a significant increase in Q2 earnings and sales, beating analyst estimates. This positive financial performance could potentially boost the company's stock in the short term.
Iteris has reported a significant increase in its Q2 earnings and sales, exceeding analyst estimates. This strong financial performance indicates a healthy financial state for the company, which is likely to be positively received by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100