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Stock Market & Financial Investment News

News Breaks
July 2, 2014
08:31 EDTITIIteris awarded $1.4M project from OCTA
Iteris was awarded a $1.4M contract by the Orange County Transportation Authority to provide traffic signal improvements. The project is part of the renewed Measure M Regional Traffic Signal Synchronization Program, which was approved by voters in 2006 for a 30-year extension. Under this contract, Iteris will update and synchronize traffic signals along Newport Boulevard in Orange County, California. Newport Boulevard is a major arterial to many tourist attractions in the area, including the Orange County Fairgrounds in Costa Mesa and the Balboa Peninsula in Newport Beach. Iteris will also construct new underground fiber-optic cables for the roadway and strategically deploy traffic cameras at major intersections, allowing the cities to proactively monitor traffic conditions in real-time. This project with OCTA is expected to commence immediately.
News For ITI From The Last 14 Days
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July 16, 2014
17:18 EDTITIIteris reports preliminary 2014 revenue $67.2M-$68.6M, consensus $68.25M
Reports preliminary 2014 net income $500K-$1.5M vs. $2.38M in 2013. Preliminary results are pending completion of the fiscal 2014 audit.
15:09 EDTITIIteris downgraded to Neutral from Buy at Sidoti
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09:22 EDTITIIteris trading halted, pending news
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July 15, 2014
17:23 EDTITIIteris to require additional time to complete FY14 audit
Iteris announced that the company is continuing to work diligently with its auditors to complete the FY14 audit but will require additional time to complete its audit for the fiscal year ended March 31 primarily due to the time necessary to complete the review of certain complex, multi-element contracts.

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