CalAmp Corp. shares rose in the extended session Thursday after the wireless communications company topped Wall Street estimates for the quarter. CalAmp shares rose 7.2% to $16.78. The company reported adjusted fiscal second-quarter earnings of 27 cents a share on revenue of $69.8 million. Analysts surveyed by FactSet had estimated 26 cents a share on revenue of $68.1 million. The company forecast fiscal third-quarter earnings of 26 cents to 30 cents, and full-year revenue of $281 million to $289 million. Analysts had estimated adjusted third-quarter earnings of 28 cents a share, and full-year revenue of $283 million.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below