CalAmp (CAMP -15.6%) gets pummeled after posting FQ3 results. Revenue of $32.8M (+11% Y/Y) was...

|About: CalAmp Corp. (CAMP)|By:, SA News Editor

CalAmp (CAMP -15.6%) gets pummeled after posting FQ3 results. Revenue of $32.8M (+11% Y/Y) was in-line with a $30M-$34M guidance range, and EPS of $0.09 was at the high end of a $0.05-$0.09 range. The company is guiding for FQ4 revenue of $34M-$38M and EPS of $0.06-$010, largely better than a consensus of $34.2M and $0.04. Concerns about weakness in CalAmp's satellite hardware business could be affecting shares. (transcript)