CalAmp Q3 Profit Up Slightly, EPS Down - Quick Facts

(RTTNews) - CalAmp Corp. (CAMP) Monday reported third-quarter profit of $4.21 million or $0.12 per share, compared to $4.16 million or $0.14 per share in the same period last year.

Adjusted earnings for the quarter was $8.2 million or $0.23 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 43 percent to $63.5 million from $44.3 million last year. Analysts expected revenues of $61.22 million.

Looking ahead to the fiscal 2014, the company has forecast earnings in the range of $0.08 to $0.11 per share, with adjusted earnings ranging between $0.19 and $0.23 per share.

Revenues are projected in the range of $60 million to $63 million. Analysts currently expect the company to report fourth-quarter earnings of $0.24 per share on revenues of $63.09 million.