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CalAmp: Fiscal Q1 Earnings Snapshot
By AP News - Jul 10, 2023, 04:26 PM ET
Last Updated - Jul 10, 2023, 04:26 PM EDT
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — CalAmp Corp. (CAMP) on Monday reported a loss of $4 million in its fiscal first quarter.
The Irvine, California-based company said it had a loss of 11 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 1 cent per share.
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The wireless communications company posted revenue of $70.9 million in the period.
For the current quarter ending in August, CalAmp said it expects revenue in the range of $67 million to $73 million.
In the final minutes of trading on Monday, the company's shares hit $1.10. A year ago, they were trading at $4.31.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CAMP">Zacks stock report on CAMP at https://www.zacks.com/ap/CAMP
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