CalAmp Posts Loss, Eyes Strategic Options; PriceSmart Posts Mixed Financial Figures
- July 10th, 2023
- 525 views
CalAmp Corp. (Nasdaq: CAMP) faced a first-quarter fiscal 2024 loss of $0.11 per share, falling short of the consensus earnings per share estimate of $0.04.
Looking ahead, the company expects Q2 FY24 revenues to range between $67 million and $73 million, significantly below the consensus revenue estimate of $77.14 million for the period.
In response to unsolicited inbound inquiries, CalAmp said that its Board of Directors has taken action by engaging advisors and forming a special committee to explore various strategic alternatives.
In after-hours, $CAMP is currently trading at $1.06, experiencing a decrease of $0.04 (-3.63%).
Meanwhile, PriceSmart, Inc. (Nasdaq: PSMT) reported adjusted earnings per share of $1.02 for the third quarter of fiscal 2023, surpassing the consensus estimate of $0.85.
However, Q3 sales reached $1.07 billion, slightly below the consensus revenue estimate of $1.10 billion for the period.
$PSMT is trading at $72.50, down $4.39 (5.71%) in after-hours.
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