CalAmp: Fiscal Q3 Earnings Snapshot
IRVINE, Calif. (AP) _ CalAmp Corp. (CAMP) on Tuesday reported a loss of $4.7 million in its fiscal third quarter.
On a per-share basis, the Irvine, California-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis.
The wireless communications company posted revenue of $78.9 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $74.7 million.
In the final minutes of trading on Tuesday, the company’s shares hit $3.45. A year ago, they were trading at $9.39.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAMP at https://www.zacks.com/ap/CAMP