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Why CalAmp Stock Jumped 22% Today

TheMotleyFool

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Investors in mobile Internet of Things company CalAmp (NASDAQ: CAMP) had a terrific Friday, with their shares rising 21.9% through the closing bell in response to a tremendous earnings beat.

CalAmp actually reported its Q4 and full-year fiscal 2021 earnings Thursday evening, but Friday was the first chance investors got to trade on the information. And trade they did, and for good reason. CalAmp delivered a $0.14 per share pro forma profit for the quarter -- nearly three times the $0.05 analysts said CalAmp was "supposed" to earn.

Image source: Getty Images.

Source Fool.com

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