Iteris Reports Higher 4Q Profit

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said its fiscal fourth-quarter profit improved.

The company earned $1.6 million or 5 cents a share for the quarter ended March 31, up from $825,000 or 3 cents a year earlier.
Iteris said net sales at its Roadway Sensors division rose 20.1%.

For the full year, Iteris earned $2.9 million, or 9 cents a share, up from $80,000 or less than 1 cent.