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CalAmp's(CAMP Quote) second-quarter profit declined to roughly one-third of earnings in the year-ago quarter because of waning demand for direct broadcast satellite (DBS) products, the company said late Thursday.
After hours, investors recently sent the shares plummeting 14%, or $1.11, to $6.83. Shares closed the regular session up 10.4%.
For the quarter ended Aug. 31, the wireless equipment maker earned $1.2 million, or 5 cents a share, compared with $3.7 million, or 16 cents a share, a year ago. ...
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