CalAmp Q3 2024 EPS $(2.27) Down From $(0.13) YoY, Revenue $53.6M Misses $56.203M Estimate
Portfolio Pulse from Benzinga Newsdesk
CalAmp reported a significant decrease in EPS to $(2.27) in Q3 2024 from $(0.13) in the previous year. Revenue for the quarter was $53.6M, which fell short of the estimated $56.203M.
January 09, 2024 | 9:39 pm
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NEGATIVE IMPACT
CalAmp's Q3 2024 earnings report showed a substantial decline in EPS and a revenue shortfall compared to estimates, indicating potential challenges ahead.
The significant drop in EPS, from $(0.13) to $(2.27), is a strong negative signal for profitability, and missing revenue estimates suggests potential operational or market challenges. These factors are likely to negatively influence investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100