CalAmp Q2 EPS $(0.11), Sales $61.70M Miss $70.35M Estimate
Portfolio Pulse from Happy Mohamed
CalAmp reported Q2 losses of $(0.11) per share, missing the analyst consensus estimate of $0.03 by 466.67%. The company's quarterly sales were $61.70 million, missing the analyst consensus estimate of $70.35 million by 12.30%. This represents a 15.28% decrease over sales from the same period last year.
October 05, 2023 | 8:32 pm
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NEGATIVE IMPACT
CalAmp's Q2 earnings and sales missed analyst estimates, indicating a potential negative impact on the company's stock.
CalAmp's Q2 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100