Orlando, FL 6/8/12 (StreetBeat) – CalAmp Corp. (Nasdaq:CAMP), a leading provider of wireless products, services and solutions, announced today that revenue for its fiscal 2013 first quarter ended May 31, 2012 is expected to be in the range of $43.5 to $44 million, above the previously issued revenue guidancerange of $38 to $41 million. The higher revenue is primarily due to increased demand in the Company's Wireless Datacom segment.
In addition, earnings per diluted share for the first quarter are now expected to be in the range of $0.13 to $0.14 GAAP and $0.17 to $0.18 Non-GAAP. These ranges are above the previously issued guidance of $0.07 to $0.11 GAAP and $0.10 to $0.14 Non-GAAP.
These first quarter revenue and EPS estimates are preliminary and are subject to completion of theCompany's normal quarterly closing process and the independent auditor's quarterly review procedures.
The Company's first quarter earnings announcement and conference call is scheduled for Thursday, June 28, 2012, after the market close.
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