September 30, 2022
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Cal Amp’s second quarter earnings beat analyst estimates

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Oxnard-based Cal Amp, which makes products for the wireless sector, beat analyst estimates on Oct. 1 when it reported second quarter 2016 results.

Cal Amp posted earnings of 27 cents per share, beating analyst estimates of 26 cents per share. Analysts expected Cal Amp’s revenues to be around $68 million, but the company beat those as well. Revenues were up 18 percent during the quarter from $59.2 million last year to $69.8 million this year.

Profits were also up about 23 percent from $20.5 million last year to $25.3 million this year.

• Contact Philip Joens at pjoens@pacbiztimes.com.