Why CalAmp Corp. Stock Popped Today

Shares of CalAmp Corp. (NASDAQ: CAMP) were up 8.9% as of 2 p.m. EDT Friday after the machine-to-machine (M2M) communications specialist announced strong fiscal second-quarter results.

That's not to say CalAmp's results looked great on the surface. Quarterly revenue fell 0.8% year over year to $89.8 million, while adjusted net income declined 5% to $9.6 million. Adjusted net income per share was also flat from the same year-ago period, at $0.27. However, both the top and bottom lines were slightly above the midpoints of CalAmp's respective guidance ranges, which called for revenue of $86 million to $91 million and adjusted earnings per share (EPS) of $0.23 to $0.29.

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Source: Fool.com