UPDATE: Calamp Corp. (CAMP) Tops Q1 EPS by 3c, Q2 Revenue Guidance Strong
(Updated - June 27, 2013 4:06 PM EDT)
Calamp Corp. (NASDAQ: CAMP) reported Q1 EPS of $0.16, $0.03 better than the analyst estimate of $0.13. Revenue for the quarter came in at $53.7 million versus the consensus estimate of $52.41 million.
Business Outlook Commenting on the Company's business outlook, Mr. Burdiek said, "Based on our latest projections, we expect fiscal 2014 second quarter consolidated revenues to be in the range of $53 to $57 million. We anticipate that Wireless Datacom second quarter revenues will be up moderately on a sequential basis and up significantly year-over-year. We expect Satellite second quarter revenues to be down slightly on a sequential basis, but up year-over-year. At the bottom line, we expect second quarter GAAP basis net income in the range of a $0.04 to $0.08 per diluted share, and non-GAAP net income in the range of $0.14 to $0.18 per diluted share. Looking further ahead, we continue to expect that the second half of fiscal 2014 will be stronger than the first half of the year, as several previously announced opportunities as well as recently launched products begin ramping up, and we realize the full benefit of synergies from our Wireless Matrix acquisition."
(Street sees Q2 EPS of 0.16 on revenue of $53.73 million)
For earnings history and earnings-related data on Calamp Corp. (CAMP) click here.
Calamp Corp. (NASDAQ: CAMP) reported Q1 EPS of $0.16, $0.03 better than the analyst estimate of $0.13. Revenue for the quarter came in at $53.7 million versus the consensus estimate of $52.41 million.
Business Outlook Commenting on the Company's business outlook, Mr. Burdiek said, "Based on our latest projections, we expect fiscal 2014 second quarter consolidated revenues to be in the range of $53 to $57 million. We anticipate that Wireless Datacom second quarter revenues will be up moderately on a sequential basis and up significantly year-over-year. We expect Satellite second quarter revenues to be down slightly on a sequential basis, but up year-over-year. At the bottom line, we expect second quarter GAAP basis net income in the range of a $0.04 to $0.08 per diluted share, and non-GAAP net income in the range of $0.14 to $0.18 per diluted share. Looking further ahead, we continue to expect that the second half of fiscal 2014 will be stronger than the first half of the year, as several previously announced opportunities as well as recently launched products begin ramping up, and we realize the full benefit of synergies from our Wireless Matrix acquisition."
(Street sees Q2 EPS of 0.16 on revenue of $53.73 million)
For earnings history and earnings-related data on Calamp Corp. (CAMP) click here.