Iteris (ITI) Tops Q2 EPS by 3c; Announces Business Segment Reassignment

November 9, 2016 4:54 PM EST
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Iteris (NASDAQ: ITI) reported Q2 EPS of $0.00, $0.03 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $24.1 million versus the consensus estimate of $22.31 million.

Business Segment Reassignment

Beginning in the Company’s first fiscal quarter of 2017, certain operations that were previously within its Agriculture and Weather Analytics segment (formerly known as Performance Analytics), specifically its performance measurement and information management solution iPeMS® and related traffic consulting services, were reassigned to the Transportation Systems segment to better align the Company’s traffic analytics capabilities, resources and initiatives. Prior year segment information presented in the table below has been re-classified to reflect this change.

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