CalAmp Corp: Falls after surprise Q2 loss

CalAmp

25/09/2020 17:02

** Shares of wireless communications solutions provider
 CAMP.O  down 5.4% at $7.46 - third straight session of losses
    ** CAMP, on Thursday after market, reported surprise loss in
Q2, hurt by lower sales of its automotive industry products due
to COVID-19  urn:newsml:reuters.com:*:nPncg5VPLa
    ** CAMP refrained from providing forecast, cites demand
uncertainty due to pandemic
    ** Revenue down 10.4% to $83.53 mln but beat Street
estimates of $76.8 mln, according to Refinitiv data
    ** Stock has fallen ~22% so far this year

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))