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NEW YORK (TheStreet) -- CalAmp  (CAMP) - Get CalAmp Corp. Report stock is up by 7.28% to $16.79 in after-hours trading on Thursday, after the company reported financial results for the fiscal 2016 second quarter after the market close. 

CalAmp reported earnings of 27 cents per share for the most recent quarter, up 30% from 21 cents per share for the year ago period.

The company's net revenue increased to a record $69.8 million, from $59.2 million for the fiscal 2015 second quarter.

CalAmp had been forecastto report earnings of 26 cents per share on revenue of $68.02 million for the latest quarter by analysts surveyed by Thomson Reuters.

"Our momentum exiting the quarter, coupled with an expanding pipeline of opportunities, is providing CalAmp with a strong tailwind heading into the second half of fiscal 2016," CEO Michael Burdiek said in a statement.

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CalAmp, based in Oxnard, CA, is a provider of wireless communications solutions for a range of applications to customers globally.

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