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Here's Why Shares of CalAmp Popped Today

TheMotleyFool

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Here's Why Shares of CalAmp Popped Today

Shares of CalAmp (NASDAQ: CAMP) were climbing today after the company reported its fiscal 2021 first-quarter results. The company's shares spiked as much as 15.2% during today's trading.

As of 2:59 p.m. EDT, CalAmp's stock was up 4.6%.

CalAmp reported its first-quarter results yesterday, and investors were happy to see the company's results outpace analysts' earnings and revenue estimates. CalAmp's non-generally accepted accounting principles (GAAP) earnings of $0.02 per share were down from $0.12 per share in the year-ago quarter but easily beat Wall Street's consensus estimate of a loss of $0.05 per share.

Source Fool.com

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