Shares of CalAmp Corp.(NASDAQ:CAMP) plunged after-hours on the wireless technology company’s weak Q1 guidance and Q4 earnings miss.
Fiscal 2014 Q4 EPS of $0.20 was $0.02 below the consensus of analysts polled by Capital IQ, and higher than EPS of $0.16 reported a year ago. Revenue increased 24% to $58.9 million, missing analyst estimates of $61.4 million, but higher than prior year earnings of $48.4 million.For fiscal 2015 Q1, CAMP sees EPS between $0.17-$0.21 on revenues of $56 million-$60 million, short of consensus for EPS of $0.23 on revenues of $64.3 million. Shares of CAMP are down 14.9% at $20.95 after-hours.
Freescale Semiconductor Ltd(NYSE:FSL) fell in Thursday’s after-market, with another net loss in its latest quarter upstaging the chip-maker tonight reporting adjusted per-share earnings and net revenue beating analyst estimates.
Net loss during the three months ended April 4 was $23 million, or $0.08 per share, improving on a $48 million net loss during the same quarter last year. Excluding $59 million associated with debt retirement and refinancing transactions and other one-time items, the company recorded adjusted net earnings of $27 million, or $0.27 per share, beating the Capital IQ consensus by $0.03 per share. Net sales rose 15.2% year over year to $1.13 billion, beating estimates by around $40 million.
The company is projecting net sales during the current quarter in a range of $1.14 billion to $1.2 billion, topping the Street view by at least $10 million. FSL shares were down 1.5% in late trade at $25.50 apiece, slipping 38 cents, paring a 4.4% advance during today’s regular session.
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