Iteris Q3 2024 GAAP EPS $0.01, Inline, Sales $42.13M Beat $41.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iteris (NASDAQ:ITI) reported Q3 2024 earnings of $0.01 per share, meeting analyst consensus. Quarterly sales were $42.13M, surpassing the $41.74M estimate, marking a 3.55% increase from the previous year.
February 08, 2024 | 9:27 pm
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Iteris reported Q3 2024 earnings of $0.01 per share, in line with expectations, and sales of $42.13M, exceeding estimates by 0.94% and showing a 3.55% increase from the previous year.
Iteris meeting its earnings per share estimate and exceeding sales forecasts indicates a positive performance, likely leading to a favorable short-term impact on its stock price. The year-over-year sales growth further strengthens the company's financial position, making it an attractive asset for investors.
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