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CalAmp Delivers a Quarterly Beat on Telematics Strength

TheMotleyFool

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CalAmp Delivers a Quarterly Beat on Telematics StrengthPhoto, wide shot, wide-angle lens, Mobile phone network, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/828b91fb-678a-4621-906b-21e972059e7d.png

CalAmp Delivers a Quarterly Beat on Telematics Strength

CalAmp Corp. (NASDAQ: CAMP) announced strong fiscal third-quarter 2018 results on Dec. 21 after the market closed, setting fresh records for both revenue and profitability, while extending the recent momentum of its telematics and software initiatives. But CalAmp also followed up with seemingly conservative forward earnings guidance.

Let's take a closer look at what drove CalAmp's business over the past few months, and what investors can expect following the stock's 56% climb so far this year.

Image source: Getty Images.

Source: Fool.com