Why CalAmp Stock Jumped 22% Today
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.
Source Fool.com