CalAmp Q3 Adj $(0.22) Misses $(0.03) Estimate, Sales $53.63M Miss $56.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
CalAmp reported Q3 adjusted earnings of $(0.22) per share, missing the $(0.03) estimate, and sales of $53.63M, which also fell short of the $56.20M estimate.

January 09, 2024 | 9:40 pm
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NEGATIVE IMPACT
CalAmp's Q3 earnings and sales missed analyst estimates, which could lead to negative investor sentiment and a potential drop in stock price in the short term.
Missing both earnings and sales estimates is typically seen as a negative indicator of a company's financial health and often results in a decline in stock price as investor confidence may wane. Given that both key financial metrics fell short of expectations, it is likely that there will be a negative short term impact on CalAmp's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100