CalAmp: Fiscal 3Q Earnings Snapshot
IRVINE, Calif. (AP) _ CalAmp Corp. (CAMP) on Thursday reported a loss of $23.7 million in its fiscal third quarter.
On a per-share basis, the Irvine, California-based company said it had a loss of 68 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 7 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The wireless communications company posted revenue of $88 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $83.2 million.
CalAmp shares have increased 13% since the beginning of the year. The stock has fallen 3.5% in the last 12 months.