CalAmp (NASDAQ:CAMP) rose to the highest in more than two months after the wireless communications company reported fiscal second-quarter results that beat market expectations.
Shares rose to $18.34, the highest intraday price since July 22, and were trading up 14.4% at $17.91, at 12:11 p.m. in New York.
The Oxford, California-based company said in a statement late Thursday that adjusted fiscal second-quarter earnings were $0.27 per share on revenue of $69.8mln.
Analysts surveyed by Capital IQ had predicted $0.26 per share and revenue of $68.1mln.