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Why CalAmp Stock Fell Hard Today

TheMotleyFool

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Shares of CalAmp (NASDAQ: CAMP) were tumbling today after the company reported first-quarter results that missed Wall Street's top- and bottom-line expectations.

The tech stock plunged by 23.4% as of 10:46 a.m. ET.

CalAmp reported a non-GAAP (adjusted) loss per share of $0.10 in the quarter, which was much worse than analysts' consensus estimate of a loss of $0.03.

Source Fool.com

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